Debt Ceiling Standoff Dominates Stock Market's Attention
TL;DR Summary
The stock market posted small gains in Monday's session as investors awaited an important meeting between President Joe Biden and House Speaker Kevin McCarthy on the debt ceiling. DraftKings soared to the highest price since January 2022 after an upgrade, while MercadoLibre broke out. Zoom Video Communications gained ahead of earnings after the stock market close. Foot Locker tanked in heavy volume after JPMorgan Chase and Barclays cut price targets. PacWest popped on news it will sell 74 real estate construction loans to Kennedy-Wilson Holdings.
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