Debt ceiling crisis hangs over markets, with investors hoping to avoid a repeat of 2011

Wall Street is focused on the uncertainty around the debt ceiling standoff in Washington and mounting worries a recession is looming.

Debt ceiling crisis hangs over markets, with investors hoping to avoid a repeat of 2011

Traders on the floor of the NYSE, May 11, 2023.

Source: NYSE

As the market assesses the past week and looks to the next, Wall Street is focused on the uncertainty around the debt ceiling standoff in Washington and mounting worries a recession is looming.