Stock Market Today: Debt-Ceiling Band-Aid Gets Stocks Into the Green

Equities perked up into positive territory Wednesday after Senate Minority Leader Mitch McConnell offered up a short-term debt-ceiling extension.

Senate Minority Leader Mitch McConnell (R-Ky.) walks to his office at the U.S. Capitol on Oct. 06, 2021, in Washington, D.C.
(Image credit: Getty Images)

Another day, another change of direction for the stock market?

That looked to be the case early Wednesday, with stocks widely down following Tuesday's rally, which itself followed a lousy Monday for equities. But a turn of events in America's debt-crisis saga gave stocks an afternoon jolt.

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Kyle Woodley was long AMZN as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.