24 May 2023
Wall Street Stocks Closed in The Red on Tuesday
Wall Street stocks closed in the red on Tuesday (23/05/23); short-term US Treasury yields soared on the back of deadlocked talks over the US debt ceiling.The lack of progress comes just days ahead of June 1, as feared by US Treasury Secretary Janet Yellen, although both US President Joe Biden and Republican McCarthy have touted optimism about reaching a deal soon to avoid a default.