Investors wary of potential debt ceiling deal

When Congress passes the deal, global investors are wary of how a tentative deal to raise the U.S. debt ceiling could ripple through markets, as lawmakers struggle to pass the agreement through Congress before a June 5 deadline.

A deal to lift the $31.4 trillion debt limit announced late Friday by the White House and House Republicans would avert a catastrophic U.S. default and boost overall appetite for risk while also buoying some of the sectors that have been left behind in this year s tech-led rally, such as cyclical stocks and small caps, investors said.

E-mini futures for the S&P 500 were up 0.5% in Sunday evening futures trading.

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