Stock Market Today: Stocks Sink on Debt Ceiling Impasse

While the major benchmarks finished in the red, retail stocks Abercrombie & Fitch and Kohl's popped after earnings.

stock market chart with red and green bars going lower and descending green moving average
(Image credit: Getty Images)

Stocks spent all of Wednesday in negative territory as uncertainty surrounding the debt ceiling and possible default weighed on sentiment. 

Attention was temporarily diverted by this afternoon's release of the minutes from the latest Fed meeting, which showed "several" central bank officials supporting a pause in rate hikes. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. 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.