- The stock market remained in a tight range as investors awaited word on whether Washington lawmakers would be able to reach an agreement to avoid a US default.
- On the eve of a meeting between President Joe Biden and House Speaker Kevin McCarthy, stocks gained slightly, with both sides sending mixed signals. Two Federal Reserve officials expressed support for delaying rate hikes, reviving interest in tech megacaps.
- The European Union's approval of Microsoft $69 billion takeover of Activision Blizzard also boosted sentiment. Stocks fell earlier Monday after data showed that manufacturing in New York fell the most since April 2020.
