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High-stakes US debt limit talks hog market limelight
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Markets are watching the outcome of the high-stakes debt ceiling talks in Washington this week.
PHOTO: AFP
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SINGAPORE - Despite continuing fears over the slowing global economy, high interest rates and the US debt ceiling,
The Dow Jones Industrial Average gained 0.4 per cent for the week to hit 33,426.63 points, while the S&P 500 index rose 1.7 per cent to hit 4,191.98 points. The tech-heavy Nasdaq ran up an impressive 3 per cent to 12,657.9 points during the week.
