Wall Street's main indexes rose on Friday over progress in negotiations on raising the US debt ceiling, with investors shrugging off data pointing to slightly hotter-than-expected inflation.

After several rounds of talks, President Joe Biden and top congressional Republican Kevin McCarthy were closing in on a deal to increase the government's US$31.4 trillion debt limit for two years, while capping spending on most items, a US official told Reuters.

Wall Street jumps on hopes of debt deal breakthrough

Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid US government debt that comes due in June and others preparing to deal with securities at risk of default.

Wall Street prepares for Treasuries mess as default looms

Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in US debt ceiling talks.

Wall Street ends higher as Nvidia sparks rush for AI stocks

The tech-heavy Nasdaq rose more than 1% on Thursday as Nvidia shares soared on a blowout forecast that also lifted other AI-related companies, while investors watched for signs of progress in US debt ceiling talks.

Shares of Nvidia Corp, the world's most valuable listed chip company, jumped 26.3% to hit a record high, after it forecast quarterly revenue 50% higher than estimates and said it was ramping up supply to meet demand for its artificial-intelligence (AI) chips.

Nasdaq jumps over 1% as Nvidia forecast sparks AI-driven rally

Nasdaq futures jumped more than 1% on Thursday, led by a surge in Nvidia after a blowout forecast, while talks on raising the US debt ceiling showed some signs of progress.

Nasdaq futures jump as Nvidia leads AI-driven rally

Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the US debt ceiling dragged on without a deal.

Wall St ends down as debt-ceiling clouds hover

Wall Street's main indexes fell on Wednesday as talks between the White House and Republican representatives on raising the debt ceiling dragged on, while investors awaited minutes from the Federal Reserve's last meeting.

The lack of progress on raising the US government's US$31.4 trillion debt limit ahead of the June 1 deadline, with several rounds of inconclusive talks, has kept investors on edge as the risk of an unprecedented default looms large.

Wall St slides as debt ceiling talks drag on; Fed minutes in focus

Wall Street stocks finished sharply lower on Tuesday and short-term Treasury yields shot up as investor jitters grew over a lack of progress in US debt limit talks.

Wall St ends sharply lower on deadlocked debt ceiling talks

Wall Street indexes fell on Tuesday (May 23) as talks over increasing the US debt limit stretched to another round, keeping investors jittery on prospects of an unprecedented government default.

Wall Street falls as deadlocked debt ceiling talks stoke default concerns

Wall Street finished mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the US debt ceiling.

Wall Street ends mixed as investors await debt ceiling talks

The S&P 500 and the Nasdaq rose on Monday as markets awaited updates on a fresh round of talks about raising the US debt ceiling, while shares of Micron fell after China's ban on its memory chips.

S&P 500, Nasdaq rise amid fresh round of debt talks; Micron slides

US stocks closed out the trading week on a soft note on Friday (May 19) as early gains dissipated after US debt ceiling negotiations in Washington were paused, denting optimism a deal could be reached in coming days to dodge a default.

Wall St slips on debt ceiling uncertainty

Wall Street's main indexes erased early gains on Friday as US debt ceiling talks between the White House and House Republican lawmakers were paused, dampening hopes that a deal could be reached soon to avoid a calamitous default.

Wall St slips as debt ceiling talks pause

(May 19): Bank of America Corp strategist Michael Hartnett reiterated his call to sell US stocks, saying tech and artificial intelligence are forming a bubble and the Federal Reserve’s rate hikes may not be over, with rising bond yields posing a risk.<...

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