An unexpectedly strong labor market data reinforced bets of another interest rate hike.
Fearless Girl is seen outside the New York Stock Exchange in New York City, U.S., May 30, 2023. REUTERS/Brendan McDermidNvidia down after Tuesday's record highMay 31 - U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a crucial vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve.to lift the $31.4 trillion U.S.
"All signs point to the deal getting done but there's headlines about some Congress people who are against it," said Joe Saluzzi, co-manager of trading at Themis Trading. "Until that deal gets done, there will be a little bit of nervousness."U.S. job openings unexpectedly rose in April, pointing to persistent strength in the labor market.
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