Stock Market Today: Stocks Give Back Big Debt Ceiling Deal Gains

The major benchmarks opened solidly higher Tuesday after lawmakers announced a debt ceiling deal, but optimism faded into the close.

person looking at stock market chart on smartphone and large PC screen
(Image credit: Getty Images)

News that a debt ceiling deal was reached over the weekend sent stocks higher at the start of the holiday-shortened week, though optimism faded as the session wore on. 

But it wasn't only the debt ceiling in focus today. Nvidia (NVDA) continued its monumental rise – briefly passing a milestone that's rarely been met on Wall Street. Tesla (TSLA) made headlines, too, after CEO Elon Musk headed to China for the first time in years.  

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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.