Stock futures were moving slightly higher ahead of Wednesday's open, with investors watching for more data, earnings and debt-ceiling progress.
U.S. stock futures tracked higher on Wednesday, as investors continued to focus on debt-ceiling talks, while looking ahead to earnings from Target Corp. and housing starts data.
How are stock-index futures trading? On Tuesday, the Dow industrials DJIA finished 336.46 points, or 0.1%, lower at 33,012.14, and traded negative year-to-date for the first time since May 4. The S&P 500 SPX closed 26.38 points lower, or 0.6%, to 4,109.90, and the Nasdaq Composite COMP lost 22.16 points, or 0.2%, to 12,343.05.
The latest round of discussions over the debt-ceiling ended just ahead of the market close on Tuesday. Perhaps providing some encouragement for investors, the Biden White House referred to those talks as “productive and direct,” while House Speaker Kevin McCarthy referred to the meeting as “a little more productive.”
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