“The debt ceiling drama also eased as House Speaker McCarthy stated that some progress has been made, though problems remain,” Moya said.
Investors also digested some new economic data.
The US Labor Department reported Thursday that new jobless claims rose to 229,000 in the week ended May 20, compared with the previous week’s revised level of 225,000.
U.S. real gross domestic product (GDP) increased at an annualized rate of 1.3 percent in the first quarter of 2023, compared with a preliminary reading of 1.1 percent, according to a second estimate from the U.S. Commerce Department issued Thursday.
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