Cyclical stocks held their ground including those of banks, with Goldman Sachs Group Inc GS.N, Bank of America Corp BAC.N and Morgan Stanley rising between 0.6% and 0.9%. US/ President Joe Biden said the federal government could breach its $28.4 trillion debt limit in a historic default unless Republicans join Democrats in voting to raise it in the two next weeks. Adding to bets on further tightening of monetary policy was recent data, which showed increased consumer spending, accelerated factory activity and elevated inflation growth.