Stock markets mixed as traders await US debt ceiling vote
The S&P 500 finishes flat, with the Dow narrowly negative and the Nasdaq modestly higher, on Tuesday as traders return after a three-day weekend. – EPA pic, May 30, 2023.
STOCK markets were mixed yesterday, with heavy falls in Europe and muted trading in New York following an agreement to suspend the US debt limit and avoid a painful default. With traders returning after a three-day weekend, indices in Paris and London both lost more than 1% while Frankfurt dipped 0.3%, with markets beginning to assess the deal’s prospects as it needs to pass through a highly partisan US Congress.
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