Stocks rally loses steam
Markets skittish as deadline for a deal to raise US borrowing limit approaches
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Markets skittish as deadline for a deal to raise US borrowing limit approaches
A stocks rally on optimism over talks to avert a catastrophic US debt default ran out of steam Thursday
NEW YORK - European and US stock markets mostly drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default.
NEW YORK - European and US stock markets mostly drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default.
Investors hoping the US Federal Reserve will finally take a breather from its long-running campaign of interest rate hikes have been left feeling a little more confident this week after data showed US inflation on both a consumer and wholesale level continued to ease in April.