Nasdaq soars, Wall Street maintains ground amidst debt ceiling negotiations

NEW YORK (dpa-AFX) – The default values ​​​​on Wall Street largely held their ground on Thursday, while the technology exchange Nasdaq posted significant gains. The focus of investor interest was once again the unresolved dispute over raising the debt ceiling. Republican negotiator Kevin McCarthy had recently expressed optimism that a negotiated solution could be reached between the White House and the Republicans. Time is of the essence: According to estimates by the US Treasury Department, the US is at risk of default at the beginning of June.

The Dow Jones Industrial closed down 0.11 percent at 32,764.65 points. The market-wide S&P 500 rose by 0.88 percent to 4151.28 points. On the Nasdaq, strong quarterly figures and an excellent outlook from the semiconductor group Nvidia caused euphoria. The Nasdaq 100 rose to its highest level in over a year during trading, closing up 2.46 percent at 13,938.53 points./edh/men

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