Debt ceiling vote and strong jobs data weigh on stock market

Stock futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 inched lower after a strong month for the tech sector, particularly chip stocks and growth names. Investors are closely watching a bill that would raise the debt ceiling and cut government spending, which passed a key procedural hurdle in the House on Wednesday. The Federal Reserve's June policy meeting and a slew of economic data releases are also on investors' radar. The latest Investors Intelligence survey showed the fewest number of bears since January 2022, with rising bullishness usually correlating to greater risk that prices will decline.