US stocks advance as debt ceiling concerns ease
Written by Black Hot Fire Network on May 17, 2023
US stocks rose at the open on Wednesday as policymakers in Washington struck an optimistic note they could strike a deal on spending that would avoid an unprecedented government default.
Wall Street’s benchmark S&P 500 rose 0.3 per cent while the tech-heavy Nasdaq Composite climbed 0.2 per cent at the opening bell.
The moves come after the White House reported that US president Joe Biden was “optimistic” about a deal that would raise the nation’s debt ceiling ahead of a looming deadline, even though lawmakers failed to reach . . .
