Nvidia Corp NVDA.O pared gains after setting a record high. Over the weekend, U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy agreed to temporarily suspend the debt ceiling and cap some federal spending. Federal Reserve rate hikes to fight stubborn inflation are denting economic growth and corporate profits, leaving about 20 companies to drive a 10% total return for the S&P 500 so far this year, said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.