{"id":157481,"date":"2023-05-15T08:00:00","date_gmt":"2023-05-15T00:00:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=918287"},"modified":"2023-05-15T08:00:00","modified_gmt":"2023-05-15T00:00:00","slug":"stock-futures-rise-amid-debt-limit-hopes-stock-market-news-today-2","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2023\/05\/15\/stock-futures-rise-amid-debt-limit-hopes-stock-market-news-today-2\/","title":{"rendered":"Stock futures rise amid debt-limit hopes: Stock market news today"},"content":{"rendered":"
\"MediaIntel.Asia\"<\/a><\/div>\n

U.S. stock futures edged higher ahead of the open on Monday as investors took hope that lawmakers can reach a deal in the debt-ceiling standoff.
\nContracts on the S&P 500 (^GSPC) added 0.39%, while the Dow Jones Industrial Average (^DJI) gained 0.37%. The technology-heavy Nasdaq Composite (^IXIC) edged up 0.31%.
\nThe ticking bomb of a potential default by the U.S. government will be front and center for investors again this week. President Joe Biden, House Speaker Kevin McCarthy and other congressional leaders are planning to meet Tuesday to resume budget negotiations, after postponing talks set for Friday.
\nMeanwhile, Treasury Secretary Janet Yellen said at the weekend the discussions are making progress, The Wall Street Journal reported. She plans to meet senior bankers to discuss the debt limit.
\nJPMorgan Chase & Co. CEO Jamie Dimon said the bank has set up a \u201cwar room\u201d looking at contingencies if the debt limit isn't raised in time. Dimon has already warned that markets will be gripped by panic as the U.S. approaches a possible default on its sovereign debt.
\nSome bearish voices on Wall Street, including Morgan Stanley\u2019s Michael Wilson, have warned that debt-limit debate could trigger sharp swings in the equity market.
\nMost clients \u201cbelieve it will ultimately get resolved, but not without some near-term volatility,\u201d Wilson wrote in a note.
\nGovernment bond yields were higher. The yield on the 10-year Treasury traded up to 3.48%, while yields on the two-year note rose to 4.0%. The dollar index ticked down following a 1.45% rally last week, its strongest one-week gain since late September of 2022, according to JPMorgan.
\nElsewhere, in Washington, former executives from Silicon Valley Bank and Signature Bank are expected to testify before the Senate on Tuesday.
\nMeanwhile, earnings season continues with notable companies set to report, including retailers Walmart (WMT), Target (TGT) and Home Depot (HD). China\u2019s tech giants Alibaba (BABA) and Tencent (TCEHY) are also on the docket this week.
\nStory continues
\nWall Street\u2019s calendar includes monthly retail sales. Economists surveyed by Bloomberg expect the headline print to grow by 0.8% in April, up from 1% drop last month. Some strategists argue that headline figures will likely be boosted by strong auto sales in the month, providing more insight on the state of the consumer.
\nIn single stock moves, Magellan Midstream Partners, L.P. (MMP) shares rallied over 8% Monday morning after pipeline operator ONEOK, Inc. (OKE) agreed Sunday to buy smaller rival Magellan Midstream Partners for about $18.8 billion including debt, forming the second-largest U.S.-based pipeline company by stock-market value.
\n\u2014
\nDani Romero is a reporter for Yahoo Finance. Follow her on Twitter @daniromerotv
\nClick here for the latest stock market news and in-depth analysis, including events that move stocks
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This data comes from MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stock futures edged higher ahead of the open on Monday as investors took hope that lawmakers can reach a deal in the debt-ceiling standoff.
\nContracts on the S&P 500 (^GSPC) added 0.39%, while the Dow Jones Industrial Average (^DJI) gained 0….<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,126,669,639,671,194,493,222,1002,465,1284,1542,55,1242,1340],"tags":[2005,10320,10318,1845,10315,8864,1977,5887,3479,8649,10336],"class_list":["post-157481","post","type-post","status-publish","format-standard","hentry","category-alibaba","category-apple","category-bank","category-california","category-finance","category-news-chinese-law","category-online-shopping","category-online-video","category-retail","category-social-media","category-stock-market","category-technology","category-tencent","category-twitter","category-youtube","tag-android","tag-biden","tag-dollar","tag-facebook","tag-media-intelligence","tag-news-media","tag-senate","tag-silicon-valley","tag-stocks","tag-walmart","tag-washington"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/157481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=157481"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/157481\/revisions"}],"predecessor-version":[{"id":157482,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/157481\/revisions\/157482"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=157481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=157481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=157481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}