Wall Street ended Wednesday’s session modestly higher, with regional banks surging and debt ceiling negotiations in Washington continuing. The Dow Jones Industrial Average rose 0.33%, the S&P 500 gained 0.34%, and the Nasdaq Composite added 0.32%. Regional banks provided some lift, with the KBW Regional Banks index up nearly 3.5%. Debt ceiling negotiations preoccupied market participants, with Republican House of Representatives Speaker Kevin McCarthy’s vow to avoid a catastrophic default providing some optimism. The dollar gained ground against a basket of world currencies, while European shares turned negative. Oil prices rebounded, while gold pulled back in opposition to the rising dollar.
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