Power Breakfast: US Consumer Sentiment Plummets To Six-Month Low On Debt Ceiling Debacle

US markets closed flat on Friday. There was weakness seen in Dow and S&P for the second week. 48% of S&P 500 stocks turned negative in 2023. Banking stocks continued to decline. The Consumer Sentiment Index stood at a six-month low of 57.7 as against the estimate of 63. The discussion regarding the US debt ceiling has still not progressed further.