Wall Street opens with downward indicators in the absence of an agreement on the debt ceiling in the US.

He Wall Street It opened the day on Tuesday in green, while the Dow Jones Industrials, its main indicator, lost 0.36% at the opening. This occurs in a scenario in which investors fear that the limit is approaching for them to Republicans and Democrats reach an agreement on the US debt ceiling.

Thus, seven minutes after the start of operations on the New York Stock Exchange, the Dow Jones fell to 33,165.41 units and the selective S&P 500 fell 0.38% to 4,176.88 points. Likewise, the composite index of the Nasdaq market, in which the main technology companies are listed, fell 0.37% to 12,673.31 integers.

As recalled, last Monday, May 22, Joe Biden, President of the United States, and Kevin McCarthy, Speaker of the House of Representatives, held a “productive” meeting to try to raise the debt ceiling. However, they have not yet reached an agreement. “I think the tone tonight was better than any time before. (…) I feel it was productive,” said the conservative upon leaving the White House.

Even so, McCarthy’s position is clear and criticized that each proposal from the Democrats involves increasing public spending, and assured that the US “has a spending problem.” Similarly, the conservative advanced that he will probably hold talks with Biden every day until the debt impasse is resolved.

For her part, Treasury Secretary Janet Yellen warned that the United States could default on its debt on June 1 if an agreement is not reached.

This week is crucial for the North American country, since various economic data will be announced. On Wednesday the minutes of the US Federal Reserve (Fed) from the last meeting in May will be published. These documents could shed light on how the central bank weighs further rate hikes. For its part, a second reading of the GDP for the first quarter will be made on Thursday and the personal consumption expenditure indicator will be released on Friday.