Contributed by NAMPA / AFP.
US stocks close higher on optimism of debt ceiling deal
Washington, May 26, 2023 (AFP) - All three major US stock indexes closed the day higher Friday amid optimism that a deal to avert a potentially catastrophic US debt default was close at hand.
Democrats and Republicans inched towards a deal Friday, with just days to go before the Treasury Department warned the United States could run out of money to pay all of its existing spending obligations.
The broad-based S&P 500 rose 1.3 percent ...