U.S. stocks mixed amid debt ceiling crisis
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With the TSX closed Monday for Victoria Day, trading continued in New York, but it continues to be mixed. As Washington wrestles with the latest debt-ceiling crisis, tech stocks modestly rose to push the Nasdaq 0.5% higher, but he Dow sank 0.42% while the S&P was flat, though it was positive most of the session.
Notable movers were Pfizer which rallied 5.38% on positive test date over its weight-loss drug, though Micron slid 2.85% after the Chinese government banned its products from infrastructure projects.
Meanwhile, Nike slid nearly 4% after Foot Locker reported disappointing sales. Tesla jumped 4.85% in heavy trading while Alphabet rose 1.87%. The U.S. 10-year yield inched up to 3.721% while Bitcoin added 0.36% to $26,800.
💊 Pfizer Inc (PFE-N) +5.38%
💾 Micron Technology (MU-Q) -2.85%
👟 Nike Inc (NKE-N) -4%
🚗 Tesla Inc (TSLA-Q) +4.85%
🧮 Alphabet Inc (GOOG-Q) +1.87%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.36%