US Market news today (22/05/2023)
The market closed with a mixed gain and a loss with DOW falling -140 or 0.44% and Nasdaq gaining 62 points or 0.50%.
U.S. debt ceiling talks end with no deal – News
1-month and 3-month treasury yields jump
The 1-month Treasury yield was trading at 5.718% and The 3-month Treasury yield was trading at 5.293%.
President and the speaker are expected to meet on Monday.
US Market news today (18/05/2023)
The market closed with positive gains over making a straight-up move for the second day.
Dow – The DOW closed with a positive move of 0.3% in Thursday’s market.
Nasdaq – The Nasdaq has also gained very largely from the rally of tech stocks. The Nasdaq closed with a 1.5% gain.
The US crude oil prices fell to $71.86 a barrel.
The talks on the debt ceiling are still going on
S&P 500 Hits 2023 High
US Market news today (17/05/2023)
US Market news today – Today, the US market saw a positive move as the DOW and Nasdaq surged 408 and 157 points. This move resulted from a hope that US President Joe Biden could deal with the debt ceiling and avoid a default.
Let us take a look at the significant indices’ performance
DOW – The Dow closed at 408.63 points higher, or 1.24%, to 33,420.77 today.
Nasdaq – The Nasdaq also closed with a positive move with 157 points
About the Debt Ceiling issue
Speaker McCarthy said that ‘It is possible to get a deal by the end of the week’. The US Treasury has said that if a deal was not set by June 1, 2023, the treasury could begin to run out of funds for paying the government bills and this issue could lead to a recession