The move in futures comes after a muted day of trading on Tuesday that saw the Dow shed about 50 points while the Nasdaq Composite rose 0.3%.
over the weekend to cap federal baseline spending for two years and raise the debt ceiling, but the agreement has not yet been ratified.on Tuesday, with a full House floor vote expected on Wednesday night, according to a tentative House voting schedule.The debt ceiling bill hammered out by President Joe Biden and House Speaker Kevin McCarthy appeared poised toRep.
Ambarella, like many other chip stocks, has risen sharply in recent weeks amid investor excitement around the demand for semiconductors from breakthroughs in artificial intelligence. However, the slide in extended trading threatens to erase more than half of Ambarella's gains in May.
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