Nasdaq Extends Win Streak Despite Debt Ceiling Uncertainty
Stocks closed mixed on Tuesday, as investors questioned whether or not Congress will pass legislation to raise the U.S. debt ceiling before the potential default deadline, with many lawmakers still not back in Capitol Hill. Fears of another interest rate hike weighed on stocks as well, with the Dow shedding 50 points. Meanwhile, the S&P 500 finished flat, and the Nasdaq nabbed a third-straight daily gain.
OIL PRICES BREAK BELOW $70
Oil prices settled lower on Tuesday for their first close below the $70 region since May. Inflation woes and higher crude supplies pressured the commodity. July-dated crude dropped $3.21, or 4.4%, to close at $69.46 per barrel.
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