We still have to eat right?

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U.S. stock futures were flat on Tuesday night as investors kept an eye on debt-ceiling negotiations.

Futures linked to the Dow Jones Industrial Average rose by 25 points, or 0.08%. S&P 500 futures inched higher by 0.08%, and Nasdaq 100 futures added 0.05%.

The three major averages fell during regular trading Tuesday. The S&P 500

 lost 1.12%, while the Nasdaq Composite

 and the Dow Jones Industrial Average

 declined 1.26% and 0.69%, respectively. 

Treasury Secretary Janet Yellen previously warned lawmakers that a potential default in early June is “highly likely.” House Speaker Kevin McCarthy said he had a “productive” discussion with President Joe Biden on Monday. Nonetheless, there were few indicators of progress made in negotiations on Tuesday. 

Even if Washington’s officials were to raise the debt ceiling, however, markets could be roiled, according to Bill Merz, head of capital markets research at U.S. Bank Wealth Management. That’s because the Treasury will need to issue a lot of debt to replenish its general account, he said.

The impact of that is likely to remove liquidity from the broader capital markets,” Merz said. “Especially more recently, [that] has really overlapped with, or it has correlated with, S&P 500 in general stock performance,” he continued.

“Especially more recently, [that] has really overlapped with, or it has correlated with, the S&P 500 in general stock performance,” Merz said. 

On the economic front, investors will be watching for the minutes from the Federal Reserve’s meeting earlier in May. They will be released Wednesday afternoon. 

Investors will also be looking toward more earnings announcements. Clothing retailer American Eagle Outfitters and semiconductor giant Nvidia will be posting their results Wednesday after the bell. 

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