us stock futures tracked higher on wednesday as investors continued to focus on debtceiling talks while looking ahead to earnings from target corp and housing starts data on tuesday the dow industrials djia finished 33646 points or 01 lower at 3301214 and traded negative yeartodate for the first time since may 4 the sp 500 spx closed 2638 points lower or 06 to 410990 and the nasdaq composite comp lost 2216 points or 02 to 1234305 read nasdaq is leading the dow by the widest margin since 1991 as bluechip gauge erases 2023 gain is that a good sign futures were indicated something of a bounce after tuesday’s stock decline following mixed economic data and some angst over debtceiling talks the latest round of discussions over the debtceiling ended just ahead of the market close on tuesday perhaps providing some encouragement for investors the biden white house referred to those talks as “productive and direct” while house speaker kevin mccarthy referred to the meeting as “a little more productive” the california republican also said a deal by the end of the week was possible president joe biden has cut short an asian trip and will return to the us on sunday to focus on the debtceiling crisis treasury secretary janet yellen has warned that june 1 could be the date when the us may become unable to pay its bills in the absence of a debtceiling increase concerns about potential impact on markets of a technical us default has helped keep the sp 500 index confined to a tight range in recent months “regional banking fears tough fed talk and rhetoric over the debt ceiling from the politicians have all leaned on stocks over the past week or so the averages have not moved out of their trading ranges thus suggesting that the market is likely to trade sideways as the earnings season comes to an end and the focus shifts toward the june 1314 fomc federal open market committee meeting” said peter cardillo chief market economist at spartan capital in a note to clients treasury yields tmubmusd10y tmubmusd02y were holding mostly steady as investors waited more economic data housing starts and building permits for april at 830 am eastern time investors will also get more insight on the state of consumers with big retailers target corp tgt and tjx cos tjx due to report results ahead of the open earnings from cisco systems inc csco  taketwo interactive software inc ttwo and synopsys inc snps are expected after the market close