Wall Street starts in the red – investors hope for a final agreement in the US debt dispute

Frankfurt Before a decisive vote in Congress in the US debt dispute, the US stock exchanges went on dive station on Wednesday. The Dow Jones index of standard values ​​and the broader S&P 500 each lost 0.6 percent to 32,863 and 4183 points by midday. The index of the technology exchange Nasdaq fell by 0.4 percent to 12,970 points.

The dispute over raising the debt ceiling, which has been keeping the stock markets in suspense for weeks, should receive the necessary votes there, according to the latest statements from a representative of the House of Representatives. “We’ll get the votes tonight. It will go through,” said Republican Tom Emmer.

US President Joe Biden was also confident that he would be able to push through the law, which had been controversial for months. Everything is going according to plan, he said in Washington on Wednesday. In the late evening (US Eastern Time; night on Thursday CEST) the House of Representatives is to vote on a hard-fought compromise to raise the upper limit from the current $ 31.4 trillion.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Further

Read on now

Get access to this and every other article in the

web and in our app.

Further

source site-18