Stocks Mixed as Debt Ceiling and Walmart Earnings Take Center Stage
TL;DR Summary
The S&P 500 and Dow Jones opened slightly lower as investors await clarity on debt-ceiling negotiations and analyze Walmart's results. President Biden expressed confidence that a default would be avoided. Lower-than-expected jobless claims showed a still-hot labor market, sparking fears that the Federal Reserve has more work to do to fight inflation. Walmart's earnings beat Wall Street's estimates, and the company raised its full-year outlook. Global stock markets climbed, with Japan's Nikkei 225 rising 1.6%.
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