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It was a growing relief that the U.S. House of Representatives had passed a bill the previous evening aimed at preventing the government’s impending bankruptcy.
This was expected by the majority, as was pending the Senate’s approval and the signing of President Joe Biden. But in the background he was smoldering for a fear of climbing. A default would not only damage the world’s largest economy, but could trigger economic downturn and a global financial crisis.
Dow Jones Industrial rose 0.47 percent to 33,061.57 points in the first day of June after losing a total of 3.5 percent in May. Across the market, the S&P 500 reached 4221.02 points, up 0.99 percent on Thursday. The Nasdaq 100 rose 1.31 percent to 14,441.51 points.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
