[Chart courtesy of MarketWatch.com] Moving the markets After weeks of political drama, Congress finally passed the debt ceiling bill last night, much to the relief of the traders who celebrated with a rally. The bill is now heading to the Senate, where it is expected to sail through smoothly. Sources say the Senate won’t rest until Biden signs it into …
Market Dips As Debt Deal Hangs In Balance And Fed Sends Mixed Signals
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street was in a gloomy mood today as the debt ceiling deal faced uncertainty and opposition in Congress. The House Rules Committee approved the deal, but the final vote will take place tonight at 8:30pm EST. The major indexes stayed in the red all day, despite a late rally that trimmed some …
Debt Ceiling Deal in Doubt, Markets Waver
[Chart courtesy of MarketWatch.com] Moving the markets The debt ceiling drama is far from over. Even though the two parties have reached a tentative deal, they still need to pass it in Congress by tomorrow. But many lawmakers are not in town, and some Republicans are not on board. This could spell trouble for the compromise bill. The markets were …
Nvidia’s Record-Breaking Day Overshadows Debt Ceiling Crisis
[Chart courtesy of MarketWatch.com] Moving the markets Nvidia stole the show today with its stellar earnings report, which sent its stock soaring 25% and added $200 billion to its market value. That’s the biggest one-day gain for any US company ever. The chipmaker also raised its outlook for the next quarter, thanks to the booming demand for artificial intelligence (AI) …
No Deal, No Hope: Markets Sink on Debt Ceiling Impasse
[Chart courtesy of MarketWatch.com] Moving the markets The markets were in a frenzy as the debt ceiling deadline loomed closer. Speaker McCarthy blamed the other side for delaying the talks and hoped for some progress today. Yeah, right. The uncertainty drove the investors to dump their stocks and bonds, sending the major indexes lower for the second day in a …
Debt Ceiling Drama Drags Down Markets
[Chart courtesy of MarketWatch.com] Moving the markets The clock is ticking for the US government to raise the debt ceiling, but there is still no sign of a deal. This uncertainty weighed on the markets, which closed in the red. Unless the politicians stop playing chicken and reach an agreement before June 1st, we could see more volatility and weakness …