Stocks Drop on Inflation and Debt-Ceiling Concerns
TL;DR Summary
The major US stock indexes, including the S&P 500 and Nasdaq Composite, fell as investors awaited key inflation data and concerns over the US debt ceiling loomed over markets. President Biden and House Leader Kevin McCarthy failed to reach an agreement on the nation's debt ceiling during a meeting at the White House on Tuesday, with congressional leaders set to meet with Biden again on Friday.
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