US stocks trade mixed after debt ceiling deal and ongoing AI frenzy

Reuters / Brendan McDermid

• US stocks were mixed on Tuesday after a debt ceiling deal was reached in Congress before the upcoming deadline.
• The deal still needs to be voted on in the House and Senate chambers of Congress.
• Investors continue to bid up artificial intelligence stocks like Nvidia, which reached a $1 trillion valuation.

US stocks traded mixed on Tuesday after House Speaker Kevin McCarthy and President Joe Biden reached a debt ceiling deal over the weekend.