*DOW JUMPS OVER 300 POINTS, VIX TUMBLES ON HOPES OF DEBT DEAL BREAKTHROUGH $DIA $SPY $QQQ $IWM $VIX
were on course for weekly declines, weighed down by prolonged debt ceiling talks in the face of the June 1 deadline. The Dow was set to snap a 5-day losing streak.
Data showed the Commerce Department's personal consumption expenditures price index, considered to be the Federal Reserve's preferred inflation gauge, remained at 0.4% for April.
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