Stocks fall as debt ceiling talks continue
The US government is yet to strike a deal with Congress to raise the debt ceiling. US stocks weakened with the Dow Jones Industrial Average plunging 109 points to 33,426. The Nasdaq 100 fell 31 points to 13,803.49, and the S&P 500 slipped 6 points to 4,191.
Meanwhile, the greenback also weakened against its peers. EUR/USD added 38 pips to 1.0808, and GBP/USD increased 30 pips to 1.2439. AUD/USD moved up 25 pips to 0.6647. The Canadian market is closed on Monday, while USD/CAD edged up 3 pips to 1.3505, and USD/JPY dropped 71 pips to 137.99.
Spot gold rose $20 to $1,977.80 an ounce, and WTI oil futures closed $0.17 lower at $71.69 a barrel. Bitcoin and Ethereum slid to $26,678.0 and $1,797.84 respectively.
Meanwhile, the greenback also weakened against its peers. EUR/USD added 38 pips to 1.0808, and GBP/USD increased 30 pips to 1.2439. AUD/USD moved up 25 pips to 0.6647. The Canadian market is closed on Monday, while USD/CAD edged up 3 pips to 1.3505, and USD/JPY dropped 71 pips to 137.99.
Spot gold rose $20 to $1,977.80 an ounce, and WTI oil futures closed $0.17 lower at $71.69 a barrel. Bitcoin and Ethereum slid to $26,678.0 and $1,797.84 respectively.
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