Wall Street Eyes Debt Ceiling Negotiations as Stock Futures Rise

Stock futures are slightly higher as investors await news on the U.S. debt ceiling negotiations. The Dow led the major indexes down with a 1% drop in Tuesday's regular session. Treasury Secretary Janet Yellen reiterated her warning that the government needs to raise the limit immediately as the country faces the possibility of defaulting as early as June 1. In addition to tracking any updates on debt ceiling negotiations, investors will watch for data on housing starts and building permits on Wednesday. Western Alliance and Keysight shares rose in after-hours trading, while Doximity slid after issuing weak guidance for the current quarter.