Stocks Climb on Signs of Progress in Debt-Limit Talks

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What you need to know… The S&P 500 Index ($SPX) (SPY) today is up +1.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.92%. U.S. stocks this morning are moderately higher, with the Nasdaq 100 posting a new 13-month high. Stocks are pushing higher today on signs that U.S. lawmakers are making progress on a deal to raise the debt ceiling. Stocks are moving higher today despite stronger-than-expected U.S. economic reports that pushed bond yields higher and bolstered the outlook for the Fed to keep raising interest rates. As a result, …

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