Stock futures surge on tentative U.S. debt ceiling deal

Stock futures rose after the Biden administration and Republican lawmakers reached a tentative bipartisan agreement to raise the US debt ceiling and avoid a default. The agreement comes just days before the "X date" on June 5, which is the earliest date the Treasury Department has signaled the US could default on debt obligations. Both Republican and Democratic support is needed for the bill agreement to pass. The Nasdaq Composite and S&P 500 finished last week with gains.