Wall Street opens higher after jobs data; Dow above 22,000
September 1, 2017Wall Street higher as tepid jobs data lowers rate hike chance
September 1, 2017Looming debt ceiling deadline pushing some U.S. fund managers to cash
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NEW YORK (Reuters) – A potential standoff over the U.S. federal debt ceiling is raising alarm bells among fund managers who fear a repeat of 2011 when a protracted showdown over increasing the government’s borrowing limit and subsequent downgrade of U.S. credit quality led to a more than 15 percent slump in the S&P 500 stock index.
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