![]() The S&P index closed Wednesday at 4,180, and is up 9.3% so far this year. "Now back to our regularly scheduled program," Ware says. Rather, he says investors can return to fretting over a more familiar set of woes - inflation, Fed interest rate hikes and the risk of a recession. "Investors have essentially said, 'We've seen this movie before,' and thus there’s no ground to recover as we get to the other side of this hazard." "Stocks have been resilient all throughout this episode of D.C. While the market got a modest bump from the debt ceiling vote, investors already appeared to shift their focus to mixed retail earnings and a tepid outlook from Salesforce. The S&P 500 index closed up 41 points, or about 1%, at 4,221 while the Dow Jones industrial average rose 153 points, or 0.41%, shortly. Student debt on the line: Bill to undo Biden's student loan debt forgiveness plan will get a vote in US Senate Dow Jones Today ![]() Yea or nay: Who voted against the debt ceiling bill in the House? These 117 lawmakers opposed it ![]() Also, he says, the legislation still awaits passage by the U.S. Investors believed Congress ultimately would reach an agreement to avoid default, says Jason Ware, chief investment officer of Albion Financial Group. Traders took the positive debt ceiling news in stride in part because stock indices never fell in the lead-up to the Wednesday night vote. House of Representatives approved a debt ceiling deal the night before that could help avert global financial turmoil and an all but certain recession. stock market edged higher at midday Thursday after the U.S.
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