Debt Ceiling Concerns Weigh on Global Markets.

1 min read
Source: The Wall Street Journal
Debt Ceiling Concerns Weigh on Global Markets.
Photo: The Wall Street Journal
TL;DR Summary

The U.S. stock market was unstable on Monday as Treasury Secretary Janet Yellen stated that negotiations over raising the debt ceiling were making progress and could result in a deal. The S&P 500 dipped less than 0.1% while the Dow industrials ticked down around 0.2%. The tech-heavy Nasdaq Composite added 0.1%. The benchmark 10-year U.S. Treasury yield rose to 3.506%, from 3.461% Friday. Turkey's benchmark stock index fell after results from its election suggested President Recep Tayyip Erdogan had performed better than expected, but not enough to avoid a runoff vote.

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