Stocks rise as hope grows for a U.S. debt ceiling deal: Live updates

Posted on AllSides May 18th, 2023
From The Center

The S&P 500 and Nasdaq Composite advanced on Thursday as Wall Street traders focused on debt ceiling negotiations and the latest commentary from Federal Reserve speakers.

The S&P 500 added 0.3%, while the Nasdaq Composite gained 0.7%. The Dow Jones Industrial Average added 65 points, or 0.2%.

House Speaker Kevin McCarthy said Thursday that he’s optimistic congressional negotiators could reach a deal in time for a House vote next week.

“I see the path that we can come to an agreement,” McCarthy said. “And I think we have a structure now...

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