Congress and the president may in part have wanted a deal on the debt ceiling out of concern for financial markets, but word of an agreement couldn't compete with a dismal July report.
Debt limit deal causes jump for stocks in Asia and stock futures in US. But big cuts from second step of debt limit plan would be needed for a durable rally.
Nintendo posted its latest quarter's dire results, causing traders to dump the stock. The sell-off sent the stock down more than 20 percent.
The price of gold went up $12.90 an ounce on Monday alone, closing at $1,614.40. But if the debt ceiling is raised, the gold price could come down over the short term.
Weak dollar: The dollar, like the yen and Swiss franc, often gains when weak economic figures triggers investor worries about the global recovery or when geopolitical tensions make traders cautious.
G-20, a group of financial leaders from 20 of the world's biggest economies, meets in Washington to discuss challenges facing the global economy. The G-20 talks are focusing on how to prevent imbalances in trade and government debt.
One month after the March 11 quake that triggered a tsunami and damaged the Fukushima Daiichi nuclear power plant, Japanese authorities say they're still crafting plan to end the nuclear crisis.