Power Breakfast: Wall Street Ends Mixed As Investors Await Debt Ceiling Talks

Name: Power Breakfast: Wall Street Ends Mixed As Investors Await Debt Ceiling Talks
Uploaded: 2023-05-23T08:39:01+05:30
Duration: 20 min 15 s
Description: US markets were mixed on Monday amid concerns about the debt ceiling. The Dow dropped 140 points. Whereas, the Nasdaq closed at a 9-month high. Rates are not expected to increase in the US next week. Service and Manufacturing PMI data to be released today in the US. Tomorrow April CPI & PPI data will be released in UK. Apart from this, metals slipped all-round, LME copper fell below $ 8150 tonne.

US markets were mixed on Monday amid concerns about the debt ceiling. The Dow dropped 140 points. Whereas, the Nasdaq closed at a 9-month high. Rates are not expected to increase in the US next week. Service and Manufacturing PMI data to be released today in the US. Tomorrow April CPI & PPI data will be released in UK. Apart from this, metals slipped all-round, LME copper fell below $ 8150/tonne.

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Written By: Zee Business Video Team

Updated on: May 23, 2023, 08.51 AM IST