Dow slides 200 points as traders await House vote on debt ceiling: Live updates
Posted on AllSides May 31st, 2023
From The Center
NYSE
Stocks fell Wednesday as investors kept an eye on the federal debt ceiling debate in Washington in the final trading day of May.
The Dow Jones Industrial Average traded 274 points lower, or 0.8%. The S&P 500 dipped 0.9%, pulling the index at one point into negative territory for the month. The Nasdaq Composite pulled back by 0.7%.
The deal, which was reached over the weekend by President Joe Biden and House Speaker Kevin McCarthy, cleared a major test Tuesday night after advancing to the House floor following a 7-6 vote in the House Rules Committee. The floor vote...
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