Wall Street's main indexes were set to open higher on Tuesday as lawmakers tentatively agreed to raise the nation's debt limit to avert a default, while shares of Nvidia led a rally among chipmakers and AI-related firms.
on an agreement to temporarily suspend the debt ceiling and cap some federal spending.handful
of Republican lawmakers have said they will oppose it, in a sign that the bipartisan agreement could face a rocky path through Congress. "The market is cautiously pricing in that the deal has been done," said Thomas Hayes, chairman at Great Hill Capital LLC. Reflecting investor optimism, the cost of insuring exposure to a U.S. debt default fell further on Tuesday, while yields on longer-dated U.S. Treasuries fell.
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