Wall St falls ahead of debt ceiling vote; Fed hike worries persist
U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve.
A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
- $Microsoft (MSFT.US)$ up after multiple PT hikes on AI optimism
- $Advance Auto Parts (AAP.US)$ slumps after forecast cut
- $NVIDIA (NVDA.US)$ down after Tuesday's record high
- US job openings unexpectedly rise in April
- Indexes down: $Dow Jones Industrial Average (.DJI.US)$ 0.84%, $S&P 500 Index (.SPX.US)$ 0.84%, $Nasdaq Composite Index (.IXIC.US)$ 0.77%
- $Advance Auto Parts (AAP.US)$ slumps after forecast cut
- $NVIDIA (NVDA.US)$ down after Tuesday's record high
- US job openings unexpectedly rise in April
- Indexes down: $Dow Jones Industrial Average (.DJI.US)$ 0.84%, $S&P 500 Index (.SPX.US)$ 0.84%, $Nasdaq Composite Index (.IXIC.US)$ 0.77%
What will have a higher total return over the next 10 years? $NVIDIA (NVDA.US)$ $SPDR S&P 500 ETF (SPY.US)$
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