Stock Market News Today: Traders Await Jobs Data, Debt Ceiling Moves
The May employment report will be released on Friday, one of the last big pieces of economic data before the Fed's next policy meeting.
Stay updated with breaking news from Arkets Wrap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The May employment report will be released on Friday, one of the last big pieces of economic data before the Fed's next policy meeting.
Artificial intelligence stocks continued to lead the stock market higher on Tuesday, with shares of Nvidia jumping to a record $1 trillion valuation.
Nvidia's huge quarterly earnings report led the Nasdaq higher, as investors pile into one of the clear leaders in the early days of the AI gold rush.
Treasury Secretary Janet Yellen warned that "time is running out" and that the debt ceiling showdown is already impacting Americans.
The Biden administration said the President would cut his upcoming trip to Asia short and come home early to ensure a deal gets done in Congress.