Wednesday’s Midday Movers: 3 Stories Driving Markets
The major U.S. stocks were surging Wednesday. As of 12:15 p.m.:
|DIJA: +1.29% to 15363.69||S&P 500: +1.31% to 1720.37||NASDAQ: +1.12% to 3836.51|
|Gold: -3.00% to 69.9||Oil: +1.75% to 24.37||U.S. 10-Year: -0.11% to 27.17|
Here are the three stories helping shape the market Wednesday afternoon:
1. Here’s Who’s In Favor of Not Raising the Debt Ceiling: What seemed inconceivable only a few weeks ago is rapidly becoming a contingency everyone in the United States is bracing for. Come Thursday, the Treasury will exceed its borrowing limit, and it is unclear if Congress will be able to act in time to raise it.
Pollsters have been working furiously over the past few weeks to keep their fingers on the pulse of public sentiment. Americans are playing the blame game with just as much vigor as politicians are engaging in brinkmanship, and the ebb and flow of public opinion has dominated the convection currents of the news cycle.