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The ongoing debt-ceiling impasse weighed on US shares for a second day Wednesday, leaving the Dow Jones Industrial Average near a two-month low and the S&P 500 Index at its lowest level in a week. Negotiators representing House Republicans and the White House met again on Wednesday, though no progress has been reported. The stalemate is making investors increasingly edgy as the June deadline set by Treasury Secretary Janet Yellen approaches. One measure of the market’s unease has been the rise in short-term Treasury yields, which are at their highest levels in more than two months. Meantime, European equity markets suffered their biggest sell-off since mid-March yesterday, with the Euro Stoxx 50 index retreating 1.8% to reach an eight-week low.
Summary for 25.05.2023
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