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Live Stock Market Updates for Today

Stock market today: Live updates

Stock market today: Live updates

Negotiations surrounding the impending U.S. debt ceiling continue to impact Wall Street as stock futures slipped early Tuesday. Following a meeting between President Joe Biden and House Speaker Kevin McCarthy, futures tied to the Dow Jones Industrial Average were down 62 points, or 0.2%, while S&P 500 futures slipped 0.1% and Nasdaq-100 futures were down marginally. Despite the negative market moves, McCarthy described the meeting as “productive” and “professional,” saying he and the President were aware of the looming deadline and would be talking every day until an agreement was reached. Analysts note that investors have been closely monitoring the debt ceiling negotiations, hoping for further clarity as the X-date of June 1 draws closer.

FAQs:

What is the U.S. debt ceiling?
The debt ceiling is a limit set by Congress on the amount of debt the federal government can accumulate. The limit must be raised periodically in order to allow for the government to spend more money than it takes in.

What happens if the U.S. reaches the debt ceiling?
If the debt ceiling is not raised, the U.S. government will be unable to borrow more money to pay its bills, leading to a default on its obligations. This can have severe consequences for the economy and financial markets.

Why are investors concerned about the debt ceiling negotiations?
Investors are concerned about the debt ceiling negotiations because if the U.S. government reaches the debt ceiling without a resolution, it could lead to a default that could harm the economy and financial markets. Investors are hoping for more certainty surrounding the negotiations as the X-date of June 1 approaches.

Stock market today: Live updates
Stock market today: Live updates

Live updates on today’s stock market

The latest round of debt ceiling talks between President Joe Biden and House Speaker Kevin McCarthy caused a slip in stock futures on Tuesday. Futures associated with the Dow Jones Industrial Average fell 62 points or 0.2%, S&P 500 futures slipped 0.1%, and Nasdaq-100 futures were slightly down. McCarthy described the meeting as “productive” and “professional,” and the House speaker and Biden plan to communicate every day until reaching a compromise. The upcoming X-date of June 1 has investors closely monitoring debt-limit negotiations. On Monday, Wall Street saw mixed results, with the Dow losing about 0.4%, the S&P 500 finishing little changed, and the Nasdaq Composite advancing 0.5%. Economic data on manufacturing and services sectors as well as new home sales will be closely followed.

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