U.S. stocks closed mixed on Monday as investors monitored the debt-ceiling showdown in Washington. The S&P 500 (SPX) finished about flat, while the Nasdaq Composite (COMP) advanced 0.5% and the Dow Jones Industrial Average (DJIA) fell 0.4%. President Joe Biden and House Speaker Kevin McCarthy were scheduled to meet to negotiate raising the U.S. debt ceiling. Treasury Secretary Janet Yellen has warned that the U.S. could run out of cash to pay all of its bills as soon as June 1 if Congress doesn’t lift the country’s borrowing limit. Investors remain cautious as the outcome of the negotiations is uncertain.
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