Traders work on the floor of the New York Stock Exchange during morning trading on April 10, 2023 in New York City.

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Stock futures fell on Tuesday as investors digested a lackluster report from Home Depot and turned their attention to a meeting between congressional leaders and President Joe Biden on the US debt ceiling.

Futures tied to S&P 500 traded 0.12% lower, while Nasdaq 100 futures fell marginally. Futures linked to Dow Jones Industrial Average lost 74 points, or 0.2%.

Dow member Home Depot retreated 4.4% after the home furnishings retailer reported disappointing quarterly earnings and reduce its year-round guidance.

Investors are eagerly awaiting progress on a deal to raise the debt ceiling before June 1, the earliest date the Treasury Department has said the U.S. could default on its debt obligations. Treasury Secretary Janet Yellen said last week that the lack of an agreement could lead to an “economic disaster.”

“We are worried about the stock market not sufficiently pricing the risk of failure by Democrats and Republicans to reach an agreement to raise the debt ceiling, which would be disastrous for the U.S. economy,” Loop Capital’s Anthony Chukumba wrote in a Tuesday note.

Biden maintained a more optimistic view of the ongoing negotiations over the weekend, while Speaker Kevin McCarthy, R-Calif., said significant hurdles remain.

Biden has so far maintained that raising the debt ceiling is not negotiable. However, McCarthy has pushed for talks to broker a deal to raise the debt ceiling linked to spending cuts.

Shares closed higher below normal trading Monday, with the 30-layer Dow breaking five – consecutive sessions of losses. The tech-heavy Nasdaq Composite led the charge with a 0.66% gain, while the S&P 500 gained 0.3%.

In economic data, April retail sales are estimated at 8:30 a.m. ET on Tuesday, giving investors a look at how consumers are doing. Economists polled by Dow Jones expect an increase of 0.8%.

CNBC’s Christina Wilkie contributed reporting.