Wall Street is taking a very short break from debt ceiling angst/Fed tightening and focusing on Nvidia’s AI boom. Debt ceiling drama also eased as Speaker McCarthy stated that some progress was made, though issues remain. Representative Kevin Hern said that a debt ceiling deal is likely by tomorrow afternoon,” he added. The US debt ceiling uncertainty and a stronger dollar weighed on investor’s sentiments. Traders are advised to be cautious as we head to the June expiry series, he added.

Source: The Hindu May 26, 2023 12:01 UTC