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Stock Market News: Debt ceiling wrangling, American Airlines lifts outlook, Bud Light sales sink

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Investors are monitoring the back and forth over the debt ceiling vote as the deadline nears, American Airlines lifted its outlook as demand rebounds, Target and Bud Light continue to see customer and investor backlash. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

CEO Jamie Dimon on Wednesday warned"uncertainty" caused by the Chinese government could hurt investor confidence at home and abroad, and said the U.S. and China need"real engagement" on security and trade issues.

"If you have more uncertainty, somewhat caused by the Chinese government . . . it’s going to not just change foreign direct investment. It’s going to change the people here, their own confidence to invest,"The world's second-largest economy is emerging from three years of pandemic lockdowns, but the recovery has been uneven. China's factory activity shrank faster than expected in May on weakening demand, according to data released on Wednesday.

 

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