Market Wrap Up, June 2, 2023

US Congress Averts Default with Debt Ceiling Suspension. Gold and Oil Respond Positively. Meta Stock Surges on New Glasses Announcement. The US Congress approves the suspension of the debt ceiling and avoids default. On Thursday, June 1, the US Senate passed legislation supported by President Joe Biden to raise the government’s debt ceiling, which stands

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Debt Ceiling Passes the US House of Representatives.

The US House of Representatives approved legislation to limit the debt, crafted by President Joe Biden and House Speaker Kevin McCarthy, that would impose restrictions on government spending during the 2024 elections and avoid default in the unstable United States. Lawmakers from both parties joined in approving the bill with a vote of 314-117 on

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