NEW YORK—Stocks drifted to a mixed finish Monday, as Wall Street waited for the results of a pivotal meeting meant to avoid a potentially disastrous default on the U.S. government’s debt. The S&P 500 was at a virtual standstill after flipping between small gains and losses through the day. It edged up by 0.65, or…
Stock Market Today: Wall Street Ends Mixed Ahead of Talks to Avoid US Default
How Major US Stock Indexes Fared Monday
Stocks drifted to a mixed close as Wall Street waited to see whether a pivotal meeting later in the day will help the U.S. government avoid a potentially disastrous default on its debt. The S&P 500 closed little changed Monday. The Dow slipped 0.4 percent and the Nasdaq rose 0.5 percent. Big Tech was continuing…
Wall Street Opens Flat Amid Debt Limit Talks; Micron Slides
Wall Street’s main indexes opened flat on Monday as markets awaited updates on lawmakers’ talks about raising the U.S. debt ceiling, while shares of Micron fell following China’s ban on its memory chips. The Dow Jones Industrial Average fell 18.09 points, or 0.05 percent, at the open to 33,408.54. The S&P 500 opened lower by…
Dollar Calm as Debt Ceiling Talks to Resume
LONDON—The dollar was steady against the euro and yen on Monday, as U.S. debt ceiling negotiations were set to resume and after Federal Reserve Chair Jerome Powell indicated he favours a meeting-by-meeting approach when it comes to future policy moves. The greenback was down 0.1 percent at 137.85 yen to start the week, having snapped…
Oil Steady as US Default Risk Offsets Demand Outlook
LONDON—Oil prices were steady on Monday as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures rose 13 cents, or 0.2 percent, to $75.71 a barrel by 0850 GMT, while U.S. West Texas Intermediate…
Stock Market Today: Global Shares Mostly Rise Despite Worries About US Debt Talks
May 22, 2023
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TOKYO—Global shares mostly drifted higher Monday as investors fretted over whether the United States government will be able to reach a deal to avoid a federal default. France’s CAC 40 inched down less than 0.1 percent in early trading to 7,489.72, while Germany’s DAX slipped 0.1 percent to 16,261.45. Britain’s FTSE 100 gained 0.3 percent…
Value Investing Is Back
By Kim Clark From Kiplinger’s Personal Finance It looks like value stocks are making a comeback after being clobbered by growth stocks for about a decade. Value and growth stocks move in cycles. The 1980s were led by value stocks; the 1990s by growth. Value beat growth for seven consecutive years starting in 2000; then…
Stock Market Today: Wall Street’s Best Week Since March Stalls Amid Debt Worries
NEW YORK—Wall Street’s best week since March ran out of steam Friday as worries rose about the U.S. government’s efforts to avoid a potentially disastrous default on its debt. The S&P 500 slipped 6.07 points, or 0.1 percent, to 4,191.98. The Dow Jones Industrial Average fell 109.28, or 0.3 percent, to 33,426.63, while the Nasdaq…
Wall Street Opens Higher on Hopes of Debt Ceiling Deal
Wall Street’s main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The Dow Jones Industrial Average rose 47.04 points, or 0.14 percent, at the open to 33,582.95. The S&P 500 opened higher by 6.10 points, or 0.15 percent, at 4,204.15,…
Dollar Retreats From Highs but Debt Deal Optimism Fires Up Investors
LONDON—The dollar hovered close to its highest since March on Friday, as optimism over a breakthrough in U.S. debt ceiling talks and robust economic data reduced the chances of a series of U.S. rate cuts this year. Negotiators for Joe Biden’s Democrats told the president on Friday that they are making “steady progress” in talks…
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