The S&P 500 and the Nasdaq Composite are on track for weekly gains.
set by U.S. Treasury Secretary Janet Yellen. Fear that the U.S. may default on its obligations if lawmakers failed to reach an agreement rattled some investors earlier in the week.
Investors may also be finding some solace in the likelihood of very limited economic impact from the recent debt ceiling fiasco and a cap on spending that appears unlikely to weigh on economic growth in a "meaningful way," she added.Friday's jobs report Economists surveyed by Dow Jones expect that growth eased in May over the previous month, with 190,000 jobs added versus the 253,000 gained in April. That would mark the lowest monthly gain since December 2020.
In May, investors pruned some of their exposure to fixed income, according to data from the American Association of Individual Investors.
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