News Stream – US Stock Market

S&P 500 was complacent yesterday given VIX only at 18, but the key turn happened in tech, in the waning NDX market breadth.

Global equities and U.S. Treasury yields were lower on Wednesday as bearish sentiment dominated markets, with investors focused on a much-anticipated vote in Congress on raising the U.S. debt ceiling. The U.S. House of Representatives is set to vote on Wednesday on a bipartisan deal that would lift the $31.4 trillion ceiling and allow the government to avert a default. It is unclear how many House Democrats will back it.

The Nasdaq is up about 5% in May. But the rally in tech stocks may not last, according to a strategist from Citi. Yahoo Finance Live's Seana Smith breaks down the rally: what has been driving it and why it may come to an end.

U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.

Yahoo Finance Live's Julie Hyman checks the market action following the JOLTS report. Hyman also checks in on Nvidia shares, which are now trading lower after the chip stock briefly reached $1 trillion in market value.

Yahoo Finance markets reporter Jared Blikre breaks down the morning bond market action on final trading day of May.

US stocks opened lower Wednesday morning, as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, China’s economic woes pressured global markets.

Yahoo Finance Live's Brad Smith breaks down the stock market open, as the three major indexes start the day lower.

Bespoke Investment Group Co-Founder Paul Hickey and BNP Paribas U.S. Economist Yelena Shulyatyeva break down the latest comments from Cleveland Fed President Loretta Mester who told the Financial Times that she doesn't see a "compelling" reason for the Fed to pause its rate hike cycle.

Yahoo Finance Live's Julie Hyman breaks down the biggest stories of the day including the debt ceiling deal coming up for a vote, what this week's economic data may tell us about what the Fed may do at its next meeting, and the Nasdaq's big May rally. 

Bespoke Investment Group Co-Founder Paul Hickey and BNP Paribas U.S. Economist Yelena Shulyatyeva tell Yahoo Finance Live what they are expecting in the markets over the coming months.

Yelena Shulyatyeva, U.S. Economist at BNP Paribas previews the May employment report and what it may mean for the Fed's June meeting. She also weighs in on why AI doesn't need to be factored into job report expectations yet.

Investors have become convinced that big winners will win even bigger. The market value of chip maker [Nvidia](https://www.wsj.com/market-data/quotes/NVDA) briefly [hit $1 trillion for the first time](https://www.

Dow Jones futures fell Wednesday ahead of this evening's House vote on the debt-ceiling deal. Hot AI stock C3.ai dropped ahead of earnings.

A Federal Reserve rate hike on June 14 probably hinges on Friday's jobs report. Unless it's significantly weaker than forecast, interest rates are likely going up. Coming as Fed tightening via a shrinking balance sheet is about to dry up liquidity after the debt-ceiling deal, higher rates could squeeze the life out of the current S&P 500 rally.

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European stocks extend losses, weaker-than-expected Chinese manufacturing reading also weighs on sentiment

The market rally keeps sending mixed messages. AI stock C3.ai is going vertical into earnings. Tesla neared a buy point.

We have narrowed our search to five small-cap technology stocks that have popped more than 50% year to date. These are: EVLV, WEAV, INTT, HEAR and ARLO.

Domestic equity markets literally went almost nowhere on Tuesday after at least large tech, and especially those names more focused upon the development of generative artificial intelligence had charged ahead early in the regular session. The caution was centered around a House Rules Committee vote that ultimately, by a narrow 7-6 margin decided to move the perhaps inappropriately named "Fiscal Responsibility Act" on to the full House for a vote on passage later today (Wednesday). If passed through both houses of the US legislature and signed into law by President Biden, this bill would suspend the debt ceiling through January 1,2025, while capping the trajectory of spending growth over the next two years.