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Dow Futures Up 0.4% as Debt Ceiling Takes Center Stage

by Ivy

US stock index futures edged higher on Monday as the market optimistically anticipated that lawmakers would reach an agreement to raise the US debt ceiling and avoid a catastrophic default. Several Federal Reserve officials are scheduled to deliver speeches this week.

At the time of writing, Dow Jones futures were up 0.4%, S&P 500 futures were up 0.4%, and Nasdaq futures were up 0.3%.

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In Europe, Germany’s DAX index rose 0.2%, the UK’s FTSE 100 index rose 0.5%, France’s CAC 40 index rose 0.5%, and the Euro Stoxx 50 index rose 0.3%.

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The US debt ceiling remains a focal point for investors this week, with strategists warning that market turbulence and economic turmoil could ensue if lawmakers fail to agree on raising the government’s $31.4 trillion borrowing limit.

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