Debt Ceiling Talks and Fed Rate Hike Outlook Affect Stock Market

Stock futures are steady as investors await comments from Federal Reserve Chair Jerome Powell on interest rates and updates on negotiations to raise the debt ceiling. Deere's stock rallied 3.4% premarket after it lifted its profit outlook, while Foot Locker’s shares plunged 26% after the retailer slashed its outlook for the year amid falling sales. Treasury yields wavered, and commodity prices gained. Overseas stocks mostly rose, with Japan’s Nikkei 225 rising 0.8% to its highest close since August 1990.