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Barchart
Barchart
Rich Asplund

Markets Today: Stocks Slide Despite Optimism About the Debt Ceiling

The S&P 500 Index ($SPX) (SPY) is down -0.31%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.11%.

U.S. stock index futures this morning are moderately lower despite hopes a deal on the debt ceiling can be reached.  President Biden will reconvene with House Speaker McCarthy on Tuesday after staff-level talks were held over the weekend.  President Biden said the talks were “moving along,” and National Economic Director Brainard on Sunday said the negotiations were serious and constructive.

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