Stock Market Today: Stocks Rally on Debt Ceiling News, Manufacturing Data

A slow start turned into a strong finish for stocks thanks to encouraging debt ceiling updates and the latest economic data.

blue stock market chart with blue bars going up and down
(Image credit: Getty Images)

Stocks started the day in negative territory in response to a red-hot reading on the labor market. 

The major indexes rallied into the close, however, helped by a batch of bad-news-is-good-news manufacturing data and signs the debt ceiling deal could make it across the finish line ahead of the June 5 default date. 

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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.