Stocks struggle amid inflation concerns and debt ceiling talks.
TL;DR Summary
The Dow Jones Industrial Average was lower as House Speaker Kevin McCarthy made a debt ceiling pledge. Palantir (PLTR) soared after CEO Alex Carp made an AI claim, while PayPal (PYPL) plunged following its quarterly report. McCarthy rejected the idea of a short-term deal ahead of a meeting with President Joe Biden and other congressional leaders today to discuss the issue. The Nasdaq lagged the other major indexes as it tumbled 0.5%.
- Dow Jones Flat As McCarthy Makes Debt Ceiling Pledge. Palantir Stock Rockets On AI Claim. Investor's Business Daily
- Stocks close lower as investors eye inflation data, White House meeting on debt ceiling: Live updates CNBC
- Stocks Under Pressure from U.S. Debt Ceiling Impasse and Weak Chinese Imports Barchart
- CPI Inflation, Debt Ceiling Deadline and the State of Small Business | Market Takes Dion Rabouin | WSJ
- Major US indexes close lower as focus shifts to inflation data, debt talks By Reuters Investing.com
- View Full Coverage on Google News
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