Dow jumps more than 300 points as Biden, McCarthy appear set to reach a deal to raise the US debt limit
US stocks jumped Friday on reports that negotiators representing President Joe Biden and Republican leader Kevin McCarthy are nearing a deal to raise the country's debt ceiling, a crucial step in avoiding a US debt default.
Tech stocks surged, leading the Nasdaq Composite sharply higher, and the Dow Jones Industrial Average scored its first win after falling over the past five sessions. Multiple news reports Friday said Biden and House Speaker McCarthy were close to a deal to lift the $31 trillion debt ceiling for two years. Lawmakers have been racing against a June 1 deadline the Treasury Department has said could be the date when it will run out of cash to pay the country's bills.
An emerging deal may essentially freeze government spending on domestic programs and slightly increase funding for the military and veterans affairs, . Republicans have been pushing for spending cuts while Democrats want to preserve funding for education and environmental protection.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Nvidia surge boosts Nasdaq futures while debt-ceiling debacle damps DowU.S. stock futures were mixed as Nvidia results boosted tech but debt-ceiling concerns weighed on the Dow.
Baca lebih lajut »
NASDAQ 100 Forecast: NASDAQ 100 Rallies Again on ThursdayThe NASDAQ 100 has found quite a bit of buying pressure on Thursday, as we are now looking at the 13,750 level as an area of potential importance.
Baca lebih lajut »
Nasdaq threatens to delist Trump SPAC from stock marketThe controversial merger has also been stalled by legal scrutiny. The Justice Department is investigating the acquisition, in addition to the SEC. In late June, Digital World disclosed its board me…
Baca lebih lajut »
Stock market news: Nasdaq surges on Nvidia's stellar quarterly resultsUS stocks jump as Nvidia leads tech rally and investors wait on debt ceiling progress
Baca lebih lajut »
Nasdaq warns truck maker Nikola it's about to be delisted - AutoblogNikola Corp said on Thursday that Nasdaq gave the electric truck maker a delisting notice for not meeting its minimum bid price requirements.
Baca lebih lajut »
More Bad News For Nikola As EV Truck Maker Receives Delisting Notice From Nasdaq | CarscoopsThe truck maker will have to find a way to raise its share price above one dollar within the next 180 days car auto cars
Baca lebih lajut »