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.

Major news

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