Why Wall Street cares more about Nvidia than the debt ceiling

New York (CNN) — The debt ceiling debate and possibility that the United States could default on its financial obligations have hung over the heads of investors for nearly six months now. But Wall Street appears to be largely shrugging off the ongoing negotiations as noise, opting instead to focus on a better-than-expected first quarter earnings season.

What’s happening: There are just three trading days left until Treasury Secretary Janet Yellen’s June 1 estimate of when the United States needs to raise the debt ceiling or risk being unable to pay some of its bills. Meanwhile, negotiations between President Joe Biden and Republican House Speaker Kevin McCarthy remain deadlocked.