2023-05-24 21:23:23
New York, Düsseldorf The ongoing debt dispute in the US is getting on the nerves of Wall Street investors more and more. The Dow Jones index of standard values closed 0.8 percent lower on Wednesday at 32,799 points. The tech-heavy Nasdaq fell 0.6 percent to 12,484 points. The broad S&P 500 lost 0.7 percent to 4115 points.
Investors are losing patience following another round of talks between the President’s Office and Republican officials on raising the debt ceiling failed to materialize. “As we get closer to the perceived deadline for the US to run out of money, the markets are getting more nervous if the standoff continues,” said Jamie Cox of financial services firm Harris Financial Group. US Treasury Secretary Janet Yellen has warned that without raising the debt ceiling, the US has only until June 1 to pay federal bills.
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