U.S. stock indexes opened higher on Wednesday as investors hoped the White House and Congress could come to a deal on the U.S. debt ceiling and avoid a cataclysmic default. The Dow Jones Industrial Average was up 132 points, or 0.4%, to 33,146:
U.S. stock indexes opened higher on Wednesday as investors hoped the White House and congressional leaders could come to a deal on the U.S. debt ceiling and avoid a cataclysmic default. Dow Jones Industrial Average DJIA, +0.22% was up 132 points, or 0.4%, to 33,146. The S&P 500 SPX, +0.19% gained 0.5%, and the Nasdaq Composite COMP, +0.08% rose 0.4%.
Regional bank shares also jumped on Wednesday morning. Western Alliance Bancorp stock WAL, +10.29% rallied 12.1% at the open after the lender said its deposits have grown by $2 billion during the second quarter. Other bank stocks that have been under pressure since the collapse of Silicon Valley Bank in March also regained their footing. The Invesco KBW Regional Banking ETF KBWR, +3.21% advanced 2.1%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White House Begins to Cave to House Republicans on Debt CeilingJoe Biden caved to Republicans and signaled that he could accept some reforms in a potential debt ceiling deal after months of refusing to negotiate any spending cuts or reforms.
Read more »
House panel threatens vote to hold Secretary of State Antony Blinken in contempt of CongressA House committee will vote as soon as next week to hold Secretary of State Anthony Blinken in criminal contempt of Congress for refusing to turn over documents related to the Biden administration’s abrupt U.S. withdrawal from Afghanistan nearly two years ago.
Read more »
House panel to hold Secretary of State Antony Blinken in contempt of CongressA House committee will vote as soon as next week to hold Secretary of State Antony Blinken in contempt of Congress for refusing to turn over documents related to the Biden administration’s abrupt U.S. withdrawal from Afghanistan nearly two years ago.
Read more »
House Democrat introduces resolution to expel George Santos from CongressDemocratic Rep. Robert Garcia introduced a resolution Tuesday to expel Republican Rep. George Santos from Congress, seeking to force Republicans in the House to go on the record over whether the indicted congressman should keep his seat.
Read more »
Trump vows role for Michael Flynn in a second White House termThe fact that Donald Trump is eager to give Michael Flynn an official role tells us quite a bit about what to expect from his hypothetical second term.
Read more »