Hedge fund founder Steve Cohen 'actually pretty bullish' - Bloomberg
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Stocks are surging on optimism about possible debt ceiling deal
May 17, 2023 2:23 PM EDTInvesting.com -- U.S. stocks surged on Wednesday amid optimism on the debt ceiling negotiations as retailers continue to report first-quarter earnings.
At 13:54 ET, the Dow Jones Industrial Average was up 426 points or 1.3%, while the S&P 500 was up 1.3% and the NASDAQ Composite was up 1.3%.
The debt ceiling talks in Washington continue after top-ranking lawmakers met with President Joe Biden at the White House on Tuesday. The sides are trying to hammer out differences as the deadline for when the U.S. risks a default quickly approaches.... More
Biden: Confident US Will Not Default
May 17, 2023 11:15 AM EDT(Updated - May 17, 2023 11:18 AM EDT)
Biden: Confident US Will Not Default
Biden: Will Continue Discussions Until We Reach AgreementBiden Says Will Hold Press Conference On Sunday... MoreBiden To Speak On Debt Ceiling At 10:45 A.M.
May 17, 2023 10:19 AM EDTBiden To Speak On Debt Ceiling At 10:45 A.M.
... MoreSEC Weighs New Intraday Margin Call Powers For Clearinghouses - Bloomberg
May 17, 2023 10:01 AM EDTSEC Weighs New Intraday Margin Call Powers For Clearinghouses - Bloomberg
... MoreJPMorgan (JPM) Dimon, Other Bank CEOs To Meet Schumer On Debt Limit - Bloomberg
May 17, 2023 9:02 AM EDTJPMorgan (JPM) Dimon, Other Bank CEOs To Meet Schumer On Debt Limit - Bloomberg
... MoreHousing Starts (Apr) 1.4M vs 1.4M Expected
May 17, 2023 8:30 AM EDTHousing Starts (Apr) 1.4M vs 1.4M Expected
... More