U.S. stocks are rising as Congress races to avert a looming government shutdown
In a mixed session on Wall Street on Wednesday, the S&P inched marginally higher and the tech-heavy Nasdaq climbed by 0.2%, while the blue chip Dow was the laggard, dipping by 0.2%. With only one trading day left in September and the latest quarter, all of the main indices are on track to post monthly declines, while the S&P in particular is on course for its first three-month loss in a year., which touched a level not seen since 2007 in the prior session.
House Speaker Kevin McCarthy has been critical of a bill put forward in the Senate that extends government funding into November, saying he wants provision for border security. The Senate passed its bill as a stopgap measure to keep things moving until lawmakers can hammer out a longer-term spending deal.Micron expands loss outlook) were down 2.8% after the U.S. chipmaker guided for a loss in its fiscal first quarter that was wider than analysts' expectations.
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