Dow falls as Salesforce slide tempers debt deal cheer
Indexes rose by midday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling.
Stay updated with breaking news from Bun P. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Indexes rose by midday as investors cheered passage of a bill by lawmakers to suspend the nation's debt ceiling.
Wall Street's main indexes erased early gains on Friday as U.S. debt ceiling talks between the White House and House Republican lawmakers were paused, dampening hopes that a deal could be reached soon to avoid a calamitous default.
U.S. stock indexes rose on Wednesday, driven by Tesla and after Western Alliance led a bounce among regional banks.
The Dow and the S&P 500 fell on Tuesday after a dour forecast from Home Depot and April retail sales data pointed to consumers feeling the pinch from rising prices and interest rates, ahead of crucial debt limit talks.
Disney reported a fall in subscriber growth, while PacWest's latest woes sparked another rout in the regional banking sector.