Major US bank raises forecast after takeover – Wall Street closes undecided

New York, Dusseldorf Worries about a possible US default have dampened Wall Street investors’ mood. The Dow Jones lost 0.4 percent on Monday to 33,287 points. The tech-heavy Nasdaq, meanwhile, advanced 0.5 percent to 12,721 and the broader S&P 500 closed little changed at 4,193.

The very short deadline for a compromise in the dispute over the extension of the debt ceiling before the “tough deadline” of June 1 announced by US Treasury Secretary Janet Yellen caused nervousness among investors.

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