Traders on the floor of the NYSE

Source: NYSE

Stock futures fell on Tuesday after a meeting between the president and the president Joe Biden and the Speaker of the House Kevin McCarthy.

Futures tied to Dow Jones Industrial Average fell by 62 points, or 0.2%. S&P 500 futures fell 0.1%, and Nasdaq-100 futures decreased marginally.

McCarthy and Biden met at The White House Monday night, in a discussion the Speaker described as “productive” and “professional”. These latest calls – taking place with just 10 days to go until June 1st earliest date that the US could fail – seemed to have a more positive tone after the hour-long discussion.

“The president and I know the deadline, so I think we’re going to talk every day … until we get this done,” McCarthy said, noting that both teams would “come back and work all night” on a compromise.

Investors have been closely watching the debt limit negotiations in Washington, hoping for more certainty as the so-called X-date of June 1 approaches.

“Certainly the debt ceiling has weighed on investors,” said Phillip Colmar, partner and global strategist at MRB Partners. “It’s probably an 11th-hour deal, but if it’s sooner than that I think that would be encouraging.”

The meeting follows a mixed session for Wall Street as investors followed the latest updates from resumed debt ceiling negotiations. The Dow lost about 0.4%, while the S&P 500 ended little changed. The Nasdaq Composite rose 0.5 percent. The tech-heavy index hit its highest intraday level and highest close since August.

Investors will watch Tuesday for a batch of corporate quarterly earnings from retail stocks including Lowe’s, BJ’s wholesaler and Dick’s Sporting Goods. On the economic front, they will follow tomorrow’s data on the manufacturing and service sectors, as well as new home sales.

CNBC’s Christina Wilkie contributed to this report.