Wall Street: Nasdaq and S&P fall due to nervousness about a possible default

Wall Street: Nasdaq and S&P fall due to nervousness about a possible default

The Dow Jones adds 0.1%, while the S&P 500 and Nasdaq fall awaiting negotiations on the increase in the US debt ceiling.

The main indices of Wall Street They operate this Tuesday, May 23, mixed: Dow Jones rebounds but S&P and Nasdaq fall, while traders await news on the negotiations between the government of Joe Biden and the Speaker of the United States House of Representatives, Republican kevin mccarthyto raise the debt ceiling and not fall into default.

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The Dow Jones Industrials adds 0.1% after closing the previous day with losses. On the other hand, the selective indices S&P 500 falls 0.19% and technological Nasdaq yields 0.14%after operating the previous rue with increases.

Biden and McCarthy ended the meeting on Monday without reaching an agreement on how to raise the government’s debt limit, from 31.4 trillion dollars, and will continue talking just 10 days from a possible suspension of payments that could sink the economy US.

Advisers to President Joe Biden and House Republican Speaker Kevin McCarthy will meet again on Tuesday, according to McCarthy’s top negotiator.

Both parties remain deeply divided on how to curb the federal deficit, with Democrats arguing wealthy Americans and businesses should pay more taxes, while Republicans want spending cuts.

Source: Ambito

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