Stocks remain steady amidst mixed global sentiment and inflation reports.

Stocks opened higher but were pushed back towards the flatline after a drop in consumer sentiment and an increase in long-term inflation expectations. The ongoing debt ceiling negotiations continue to be closely monitored by investors, with a key meeting between President Biden and House Speaker Kevin McCarthy postponed until next week. Tesla stock rose after Elon Musk announced he had hired a new CEO for Twitter, while the company also announced a recall of over 1 million cars in China due to a braking issue. Fed governor Michelle Bowman hinted at future rate increases if inflation remains elevated.