S&P 500 bulls are front side of bullish trendline towards resistance SP500 Equities Politics
US500 index is tracking higher towards key resistance area.
The index was helped by Tesla and after Western Alliance amid optimism about a potential breakthrough in the deadlock in Washington over the nation's debt limit. The debt ceiling talks continue after top-ranking lawmakers met with President Joe Biden at the White House on Tuesday. House Representative Speaker Kevin McCarthy argued that a debt-ceiling agreement by Sunday is doable. Meanwhile, US Vice President Kamala Harris is to brief on preventing a default on Thursday.
Reuters also reported that ´´US regional banks rose, led by a 14.0% rise in Western Alliance Bancorp If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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