⚠️BREAKING: *U.S. STOCKS END LOWER IN FINAL SESSION OF MAY AS INVESTORS MONITOR DEBT CEILING VOTE, RATE HIKE ODDS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
- U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June.
But most analysts foresee the bill's approval and U.S. President Joe Biden said on Wednesday he expected the debt ceiling bill on his desk by next Monday. The Labor Department reported that U.S. job openings unexpectedly rose in April, reflecting persistent labor market strength that suggests pressure on wages and inflation.
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