Stock Market Update

Equity futures are little changed over the last half hour. The S&P 500 futures are up 12 points and are trading 0.3% above fair value. The Nasdaq 100 futures are up 9 points and are trading 0.1% above fair value. The Dow Jones Industrial Average futures are up 104 points and are trading 0.3% above fair value. 

A short time ago, Punchbowl News reported that the "White House wants debt limit into 2025," adding that Republicans are open to it, but need "major policy/spending concessions."

Treasuries are moving in opposite directions. The 2-yr note yield is down one basis point to 4.26% and the 10-yr note yield is up two basis points to 3.67%.