Nobody is going to say the U.S. government wasn’t warned. Investors are on edge Wednesday as the country inches closer and closer to a possible debt default, although the hint of a deal helped keep financial markets steady in their opening Wednesday. “The markets have been going sideways for a while now and they seem pretty hopeful that we will get this compromise deal and that is what is getting us through it,” said HSBC G10 currency strategist Darah Maher. But things were bleak on another front: Fitch Ratings warned Tuesday it could pull the U.S.’s AAA rating—causing S&P, Dow Jones, and Nasdaq to all drop on the news.
JITTERY Jonathan Ernst/Reuters