Frankfurt Progress in the US debt dispute pushed Wall Street into the black on Thursday. The Dow Jones index of standard values rose by 0.47 percent to 33,061 points. The broader S&P 500 gained one percent to 4,221 points. The Nasdaq index fell 0.58 percent.
With the passage of the law in the House of Representatives, an important hurdle has been cleared when raising the US debt ceiling. After his approval of the compromise, however, the vote in the Senate is still pending. Both Senate Majority Leader Chuck Schumer and Republican Minority Leader Mitch McConnell said they hoped to pass it before the weekend.
However, amendments could delay the process. Only when the House of Representatives and Senate have approved the draft in identical form will it be submitted to the President for signature.
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