Debt-Ceiling Optimism Drives US Stock Market Rally.

1 min read
Source: Investor's Business Daily
Debt-Ceiling Optimism Drives US Stock Market Rally.
Photo: Investor's Business Daily
TL;DR

Dow Jones futures will open Sunday evening with a tentative debt-ceiling deal between President Joe Biden and House Republicans in focus. The Saturday night agreement would head off a looming sovereign default. The market rally last week was divergent but ended on a hopeful note. Techs then boomed as Nvidia skyrocketed, sending chips and artificial intelligence plays soaring. Tesla, Netflix, Arista Networks, On Semiconductor, NetEase, Mobileye, Smartsheet, Aehr Test Systems, and McKesson are trading near buy points.

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