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Stock market today: Dow closes lower as debt-ceiling standoff, slip in tech bite By Investing.com

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⚠️BREAKING: *S&P 500, NASDAQ BOTH DROP OVER 1% AS U.S. STOCKS SINK ON DEFAULT FEARS 🇺🇸🇺🇸

Dallas Federal Reserve President Lorie Logan on Tuesday said the central bank’s “liquidity backstop should be available whenever" banks need it.

The remarks come a day after Federal Reserve Bank of St. Louis President James Bullard said he expects two more rate hikes would be needed to stymie inflation. Despite the hawkish remarks, about 88% of traders continue to believe that the Fed will pause in June, according to Investing.com’sprices after the Saudi energy minister stoked the prospect of further cuts after warning speculators against taking bearish positions in oil.activity rose more than expected in April to a 12-month high, threatening to boost inflation.

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