U.S. stocks opened mostly higher Tuesday, with gains led by the technology-heavy Nasdaq Composite, after a debt-ceiling deal was reached over the long holiday weekend honoring Memorial Day. The Nasdaq COMP was up 1.1% soon after the opening bell, while the S&P 500 SPX gained 0.5% and the Dow Jones Industrial Average DJIA traded down less than 0.1%, according to FactSet data, at last check. Tech shares rallied last week amid investor enthusiasm tied to artificial intelligence, with the Nasdaq advancing a fifth straight week in its longest win streak since the stretch ending in early February, according to Dow Jones Market Data. Meanwhile, the debt-ceiling agreement between President Joe Biden and House Speaker Kevin still needs to pass Congress.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Read Full Story
- : Why bother buying holiday gifts? Just follow the ‘Seinfeld’ rule and give cash. - December 2, 2023
- Outside the Box: Here’s what really matters when you buy stocks, real estate and other investments - December 2, 2023
- Economic Report: When will mortgage rates come down? Realtor.com says buyers will ‘start to see some relief’ in the new year. - December 2, 2023