Debt-ceiling talks and economic data weigh on stock market.

The stock market rally retreated on Tuesday due to debt-ceiling fears, with the Dow Jones closing below the 50-day line. President Joe Biden and congressional leaders held fresh debt-ceiling talks, but no breakthrough is imminent. Meanwhile, Tesla held its annual shareholder meeting, with CEO Elon Musk announcing that the company will deliver production Cybertrucks this year. Dow Jones futures rose slightly after hours, with the chip sector showing renewed strength and improving breadth.