Stock Market Today: Stocks Turn Lower Amid Debt Ceiling Setback

The major indexes swung lower Friday after lawmakers reached an impasse in debt ceiling negotiations.

blue stock chart with white and light blue moving averages
(Image credit: Getty Images)

Stocks opened higher Friday but quickly reversed course after news emerged that Republican lawmakers and White House officials had reached an impasse in debt ceiling negotiations. These headlines overshadowed a relatively dovish speech from Federal Reserve Chair Jerome Powell, with the three main benchmarks ending the day in the red.  

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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.