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Kiplinger

Business

Karee Venema

Stock Market Today: Stocks Rally on Debt Ceiling News, Manufacturing Data

Stock Market C3Ai Dan Burrows ISM US Federal Reserve Kiplinger

blue stock market chart with blue bars going up and down

Stocks started the day in negative territory in response to a red-hot reading on the labor market.

The major indexes rallied into the close, however, helped by a batch of bad-news-is-good-news manufacturing data and signs the debt ceiling deal could make it across the finish line ahead of the June 5 default date.

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