June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices finished the regular session solidly lower as worries about a potential U.S. default hurt risk sentiment, while market participants also waited for minutes from the Federal Reserve’s last meeting.
Representatives of President Joe Biden and congressional Republicans ended another round of debt ceiling talks on Tuesday. House Speaker Kevin McCarthy left the U.S. Capitol late Tuesday afternoon, stating that the two parties were still unable to reach an agreement to prevent the first-ever U.S. default. In addition, following a two-hour meeting in the Capitol with White House counterparts, Republican Representative Garret Graves, one of McCarthy’s chief negotiators, suggested that the two sides were at a standoff.
