Frankfurt Progress in the US debt dispute pushed Wall Street into the dark on Thursday. The Dow Jones Standard Values Index rose 0.7% to 33,120 points. The broader S&P 500 gained 1% to 4,221 points. The Nasdaq technology stock index climbed 1.2% to 13,095 places.
With the passage of the law in the House of Representatives, a significant hurdle was cleared in raising the US debt ceiling. After his approval of the compromise, however, the vote in the Senate is still pending. Senate Majority Leader Chuck Schumer and Republican Minority Leader Mitch McConnell said they hoped to pass it before the weekend.
However, changes could delay the process. Only when the House of Representatives and the Senate have approved the draft in identical form will it be submitted to the President for signature.
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