Wall Street stocks surge amid debt ceiling progress
Major stock markets in New York surged about half into Thursday's session as investors welcomed Congress' work on lifting the debt ceiling in the upcoming days.
The day was also marked by major news from Meta Platforms, prompting its shares to surge over 2% following the announcement of a new virtual reality headset. While Macy's reported its latest financial results, a new huge batch of economic data arrived from the United States.
The Dow Jones surged 0.59% or 194 points at 12:13 pm ET, despite Salesforce plunging 4.70% prompted by worse-than-expected first-quarter earnings results. The Nasdaq 100 jumped 1.05% or 149 points. The S&P 500 simultaneously gained 0.87%.
The euro soared 0.58% against the dollar to sell for 1.07515 a minute later, hovering around levels from late March.