Debt ceiling optimism boosts stocks to new highs.
TL;DR Summary
US stocks closed higher for a second consecutive day on Thursday, buoyed by optimism that a debt ceiling deal could be reached within days. Walmart's upbeat annual sales forecast also provided support. The Dow Jones Industrial Average rose 0.34%, the S&P 500 gained 0.94%, and the Nasdaq Composite added 1.51%. The number of Americans filing new claims for jobless benefits fell more than expected last week, suggesting the labor market remains tight, giving the Fed more cushion to continue raising rates.
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