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US stocks drop – Apple closes €1 billion chip deal

US stocks drop – Apple closes €1 billion chip deal

New York, Dusseldorf Major US indices moved in the red on Tuesday. The political row over raising the debt ceiling creates uncertainty. An agreement is still not in sight.

The US-leading Dow Jones lost 0.2 percent to 33,223 points in early trading. The tech-heavy Nasdaq fell slightly to 12,703 points. The broad S&P 500 fell 0.2 percent to 4,183 points – but overall it’s at a high: it’s up about ten percent since the start of the year.

The meeting between US President Joe Biden and chief negotiator for the opposition Republican Party, Kevin McCarthy, ended Monday evening without result. According to analysts, the exchanges priced in an increase in the debt limit last week. However, experts urged caution.

>> Also read: These tangible consequences threaten the economy and markets in the event of a US default

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