June 5, 2023 Market Update
- James C. McGrath
- Jun 5, 2023
- 1 min read
The US stepped back from the brink just days ahead of a potential default. The President signed a bipartisan agreement on the US debt ceiling, which, inter alia, caps government spending for two years. The S&P 500 climbed for the 3rd week in a row, gaining +1.8%, led by the consumer discretionary and real estate sectors, both up by more than +3%.
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