Investors hope for an agreement in the debt dispute – Foot Locker in free fall

Frankfurt The US government’s ongoing debt dispute made Wall Street investors nervous at the end of the week. The three US indices turned negative at midday after the media reported a break in negotiations.

The Dow Jones index of blue chips and the broader S&P 500 were 0.2 percent weaker at 33,467 and 4194 points. The Nasdaq technology exchange index was 0.1 percent lower at 12,659 points.

According to media reports, the negotiations between US Republicans and the government of President Joe Biden, which many investors already saw on the home stretch, have been interrupted. “We’re not there yet,” several US media quoted Republican MP Garret Graves as saying. “We have decided to take a break because it’s just not productive.” A representative of the President’s Office said an agreement is still possible if both sides act in good faith and are willing to make concessions.

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