Stock futures were slightly higher on Friday morning as investors waited for developments in the debt-ceiling deliberations in Washington and digested the latest corporate earnings.
Futures tied to the S&P 500 (^GSPC) rose 0.23%, while those on the Dow Jones Industrial Average (^DJI) rose 60 points, or 0.18%. Those on the technology-heavy Nasdaq Composite (^IXIC) moved up 0.39%.
Both the Dow Jones and S&P 500 entered Friday on track to close the week lower after the debt-ceiling discussions slightly weighed on markets throughout the week. On Friday morning, Reuters reported that President Joe Biden and Speaker of the House Kevin McCarthy are “closing in on a deal” to extend the government’s debt ceiling for two years.
“Negotiators appear to be closing in on an agreement,” Goldman Sachs economic research team led by Jan Hatzius wrote in a note to clients on Thursday night.
“While it is…
