Wall Street Roundup: Debt ceiling dust-up. Cities go to the bank.

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Gold: Trading now at $1,592 per ounce, up 0.4% from Wednesday. Dow Jones industrial average: Trading now at 12579.40, up 0.7% from Wednesday.

Debt ceiling dust-up. President Obama is walking out on meetings and Wall Street is getting angry as Washington continues to fight over raising the debt ceiling.

JPMorgan surprise. JPMorgan Chase & Co., the first of the big banks to announce its second-quarter earnings, surprised analysts with increased revenue and profits across most of the bank’s business lines.

Cities go to the bank. As the municipal bond market struggles, many cities and states are going directly to banks for loans, raising a number of questions.

-- Nathaniel Popper