Debt Ceiling Negotiations Impact Stock Market: Latest Updates

The Dow Jones Industrial Average rose as House Speaker Kevin McCarthy issued a debt ceiling warning to President Joe Biden. Shake Shack soared on an activist investor move while Meta Platforms popped on an analyst upgrade. Microsoft inched up after a regulator boosted its takeover bid for Activision Blizzard. Meanwhile, a trio of stocks managed to pass buy points despite the mixed action. Treasury yields were mixed. The 10-year yield rose four basis point to 3.50% while the two-year yield dipped slightly to 4%. The yield curve remains inverted.