Stocks surged on Wednesday as investors hoped for a deal to raise the debt ceiling and avoid the possibility of defaulting on U.S. obligations. President Joe Biden is set to give an update on the progress of the talks at a press conference on Sunday. Retailers are also set to report earnings, with Walmart (WMT) and Alibaba (BABA) leading the way. Applied Materials (AMAT) is also expected to report earnings. Analysts will be listening to what the companies have to say about consumer behavior and shopping trends. With the debt ceiling talks and earnings reports, investors will be watching closely for any developments that could affect markets tomorrow.
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