Power Breakfast: Deal Or No Deal? US Debt Ceiling Deal To Face Its First Test In Congress

The US market witnessed mixed action after a long weekend. The Dow slipped 50 points amid volatility. Whereas, the Nasdaq also closed up only 40 points after a strong beginning. Nvidia became the first chipmaker to ever hit a $1 trillion market valuation. Elon Musk is preparing to expand its business in China due to which the shares of Tesla rose 4%. Many leaders of both the parties raised questions on the debt limit deal. Voting will take place in the US Congress on the debt limit deal this evening.