Markets jump, then fall, after deal struck on debt limit

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The opening of American markets come after Asian stocks largely rallied as news of a debt deal became public. Major Asian stock indices were up over one percent on average.

As lawmakers haggled and publicly fought over the debt limit as time ticked away, markets have responded not by any single major event, but with a steady sell off as investors shied away from stocks and sought safer investments like gold. By the end of the previous week, the Dow had lost 4.2 percent, marking the worst week for stocks in the last year.