With a midnight deadline hanging over Congress, stocks could be whipped by headlines from Washington Wednesday but should ultimately be able to limp through the latest drama.
Stocks fell Tuesday, ending a four-day winning streak as the Senate and House hit a seeming impasse on legislation to reopen the government and avoid hitting the debt ceiling. The House abandoned a plan to vote on any measure on Tuesday night. The Dow fell 133 to 15,0168, and the S&P 500 fell 12 to 1698.
Fitch put the U.S. on negative credit watch after the market close, noting that “political brinkmanship and reduced financing flexibility could increase the risk of a US default.”
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015