Power Breakfast: Biden Says He Is Confident On Reaching Debt Ceiling Deal, U.S. Stocks Rising

US markets closed with gains on Wednesday as the debt limit progressed. Debt limit deal is possible by the end of this week. The Dow jumped 408 points on Wednesday, while the Nasdaq gained 157 points. US President Joe Biden said about the debt limit, 'I’m confident that we’ll get the agreement on the budget and America will not default'. Target's results were better than expected, due to which the shares of Target rose 2.6%. Tesla jumped 4% after the shareholders' meeting. Today the results of Walmart will come.