S&P 500, Nasdaq rise amid fresh round of debt talks; Micron slides

Summary Summary Companies U.S. debt limit talks to kick off at 5:30 p.m. ET China’s Micron ban revives U.S. trade tensions Apple slips on report of downgrade by Loop Capital Nasdaq up 0.37%, S&P up 0.04%, Dow down 0.29% May 22 (Reuters) – The S&P 500 and the Nasdaq rose on Monday as markets awaited updates on a fresh round of talks about raising the U.S. debt ceiling, while shares of Micron fell after China’s ban on its memory chips. President Joe Biden and House Republican Speaker Kevin McCarthy will meet for talks on Monday after their discussions almost fell…