New York, Dusseldorf A rapprochement in the debt dispute makes US investors resort to stocks again at the end of the week. Gains in the US technology sector also lifted sentiment. In view of persistent inflation, however, the topic of interest rate hikes does not seem to be over yet.
The Dow Jones index of standard values closed one percent higher at 33,093 points. The tech-heavy Nasdaq advanced 2.2 percent to 12,975 points. The broad S&P 500 gained 1.3 percent to 4,205 points.
After several rounds of negotiations, President Joe Biden and Republican Congressman Kevin McCarthy are moving forward in a wrangling over an increased government debt ceiling of $31.4 trillion for two years. At the same time, spending on most items is to be limited.
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