Stock Market Today: Debt Ceiling Anxiety Weighs on Stocks

While a Monday night meeting between Biden and McCarthy was "productive," there are no signs the two sides are nearing a deal.

man with hands on head looking at stock market chart on PC
(Image credit: Getty Images)

Debt ceiling jitters kept stocks in the red today. While President Joe Biden said that Monday night's meeting with House Speaker Kevin McCarthy was "productive" and that "default is off the table," investors have yet to see signs that lawmakers are nearing a resolution. 

An unencouraging tweet about the debt ceiling from Punchbowl News only amplified the anxiety, and sent stocks to their lows of the day. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.