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2021-09-30

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Wall Street closes up amid inflation concerns, debt ceiling debate

NEW YORK, Sept 29 (Reuters) - Wall Street ended firmer on Wednesday in a partial rebound from the pr

Wall Street closes up amid inflation concerns, debt ceiling debate

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Defensive sectors took the lead as investors sought stability in the volatile market.</p>\n<p>Still, all three remain on course to post monthly declines, with the bellwether S&amp;P 500 snapping a seven-month winning streak.</p>\n<p>\"The same story we've seen for a couple of weeks,\" said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York.</p>\n<p>\"Investors are concerned about three things: the eventual taper of bond purchases by the Fed, ongoing inflation with Chairman Powell saying it's going to stick around longer than initially expected, and the debt ceiling issue that congress is grappling with.\"</p>\n<p>Powell, speaking at a European Central Bank event, expressed frustration over persistent supply chain woes which could keep inflation elevated for longer than expected.</p>\n<p>The stock market strengthened following his remarks.</p>\n<p>\"Powell has been very good at delivering the news officially that everyone knows is coming,\" Pursche said.</p>\n<p>Wrangling continued on Capitol Hill over funding the government as the Friday deadline to prevent a shutdown approached, with mounting concerns over a U.S. credit default.</p>\n<p>U.S. Treasury yields paused after a runup in recent days as the debt ceiling debate unfolded in Washington.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 90.93 points, or 0.27%, to 34,390.92, the S&amp;P 500 gained 6.86 points, or 0.16%, to 4,359.49 and the Nasdaq Composite dropped 34.24 points, or 0.24%, to 14,512.44.</p>\n<p>Boeing Co provided the biggest lift to the Dow following China's aviation regulator's successful 737 MAX test.</p>\n<p>Discount retailer Dollar Tree Inc jumped after increasing its buyback authorization by $1.05 billion to $2.5 billion.</p>\n<p>Drugmaker Eli Lilly &amp; Co gained on Citigroup's rating upgrade to \"buy\" from \"neutral.\" (Reporting by Stephen Culp; Additional reporting by Devik Jain in Bengaluru; Editing by Richard Chang)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street closes up amid inflation concerns, debt ceiling debate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street closes up amid inflation concerns, debt ceiling debate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-30 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-closes-200050282.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, Sept 29 (Reuters) - Wall Street ended firmer on Wednesday in a partial rebound from the previous day's broad sell-off, with remarks from U.S. Federal Reserve Chairman Jerome Powell and the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-closes-200050282.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","UPRO":"三倍做多标普500ETF","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","COMP":"Compass, Inc.","SSO":"两倍做多标普500ETF","OEX":"标普100","SH":"标普500反向ETF",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-closes-200050282.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2171300933","content_text":"NEW YORK, Sept 29 (Reuters) - Wall Street ended firmer on Wednesday in a partial rebound from the previous day's broad sell-off, with remarks from U.S. Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate keeping a lid on gains.\nThe S&P 500 index and the Dow Jones Industrial Average advanced, but the Nasdaq Composite closed lower as Treasury yields halted their ascent. Defensive sectors took the lead as investors sought stability in the volatile market.\nStill, all three remain on course to post monthly declines, with the bellwether S&P 500 snapping a seven-month winning streak.\n\"The same story we've seen for a couple of weeks,\" said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York.\n\"Investors are concerned about three things: the eventual taper of bond purchases by the Fed, ongoing inflation with Chairman Powell saying it's going to stick around longer than initially expected, and the debt ceiling issue that congress is grappling with.\"\nPowell, speaking at a European Central Bank event, expressed frustration over persistent supply chain woes which could keep inflation elevated for longer than expected.\nThe stock market strengthened following his remarks.\n\"Powell has been very good at delivering the news officially that everyone knows is coming,\" Pursche said.\nWrangling continued on Capitol Hill over funding the government as the Friday deadline to prevent a shutdown approached, with mounting concerns over a U.S. credit default.\nU.S. Treasury yields paused after a runup in recent days as the debt ceiling debate unfolded in Washington.\nUnofficially, the Dow Jones Industrial Average rose 90.93 points, or 0.27%, to 34,390.92, the S&P 500 gained 6.86 points, or 0.16%, to 4,359.49 and the Nasdaq Composite dropped 34.24 points, or 0.24%, to 14,512.44.\nBoeing Co provided the biggest lift to the Dow following China's aviation regulator's successful 737 MAX test.\nDiscount retailer Dollar Tree Inc jumped after increasing its buyback authorization by $1.05 billion to $2.5 billion.\nDrugmaker Eli Lilly & Co gained on Citigroup's rating upgrade to \"buy\" from \"neutral.\" (Reporting by Stephen Culp; Additional reporting by Devik Jain in Bengaluru; Editing by Richard Chang)","news_type":1},"isVote":1,"tweetType":1,"viewCount":513,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":13,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Wall Street closes up amid inflation concerns, debt ceiling debate

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