“Debt Ceiling Impasse Leads to Wall Street Downfall; Netflix Stricter on User Sharing”

The American politicians have still not reached an agreement on the much-discussed debt ceiling. Fears of a default sent interest rates above 6 percent, helping to send Wall Street down on Tuesday night.

• The Dow Jones ended down 0.69 percent to 33,055.57 points
• The S&P 500 fell 1.12 percent to 4,145.67 points
• The Nasdaq fell 1.26 percent to 12,560.25 points.

At the time of writing, the American ten-year bond is trading at 3.709 percent.

Makes sharing of users difficult

To convert more users to paying users, have Netflix felt compelled to become stricter on user sharing. The stricter requirements have now reached the United States as the fifth country in which the new rules are being phased in. The Netflix share fell 1.9 percent on Tuesday.

Facebook owner Meta was fined $1 billion by the European Union on Monday for transferring personal data from Facebook users to servers in the United States. The Meta share fell 0.64 percent on Tuesday.

Apple rose 1 percent on Tuesday after announcing a deal with Broadcom to buy US-made chips. Broadcom rose 1.2 percent after the news.

The building materials chain Lowe’s presented quarterly figures that were better than the analysts’ expectations, and met both in terms of turnover and profit. According to CNBC, management is now cutting guidance for 2023. Lowe’s rose 1.93 percent on Tuesday.