US stocks fall to start June as traders watch debt ceiling bill move through Congress
US stocks fell on Thursday to kick off June as investors watched the debit limit deal move through Congress.
The House passed bipartisan legislation on Wednesday evening, easing concerns of a potential US default. It's now moving to the Senate. President Joe BidenTraders are also looking ahead to the Federal Reserve's next policy meeting on June 13-14, when central bankers will deliberate over their next move on rates. The Fed has raised borrowing costs 10 straight times since March of 2022 in a bid to curb high inflation.Here's where US indexes stood shortly after the 9:30 a.m.
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