Markets Quake As GOP Debt Ceiling Negotiators Abruptly Leave Closed-Door Meeting
Portfolio Pulse from AJ Fabino
US equity markets tumbled after GOP debt ceiling negotiators walked out of a private meeting with White House officials. The deadlock between Republicans and Democrats has lasted since January, and a possible US debt default could materialize as early as June 1.
May 19, 2023 | 4:04 pm
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The S&P 500 (NYSE:SPY) fell as much as 0.46% after GOP debt ceiling negotiators walked out of a meeting with White House officials, raising concerns about a possible US debt default.
The abrupt walkout of GOP debt ceiling negotiators from the meeting with White House officials has increased uncertainty and concerns about a possible US debt default. This has led to a negative impact on the S&P 500 (NYSE:SPY), causing it to fall as much as 0.46%. The ongoing deadlock between Republicans and Democrats could continue to weigh on the market, potentially leading to further declines in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100