2023-05-20 22:04:37
US stocks succeeded in overcoming the crisis of negotiations to raise the debt ceiling, which negatively affected dealers’ sentiments, and the Standard & Poor’s 500 and Nasdaq indices recorded their biggest weekly percentage gains since the last week of March.
The weekly gains came despite the decline in the main indices on “Wall Street” at the end of trading on Friday, to end the week with a weak performance, with the dissipation of early gains after the announcement of a temporary halt to negotiations to raise the US debt ceiling in Washington, which dispelled optimism that an agreement could be reached in the coming days to avoid The government’s failure to pay its obligations.
The Standard & Poor’s 500 index closed down 6.02 points, or 0.14%, to 4,192.03 points, and the Nasdaq Composite Index fell 30.46 points, or 0.24%, to 12,657.90 points. The Dow Jones Industrial Average lost 111.03 points, or 0.33%, to record 33,424.88 points.
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