McHenry, Chairman of the Financial Services Committee of the US House of Representatives: It is impossible to determine when (debt ceiling) negotiations will resume.

"We still have major differences on spending," McHenry, chairman of the U.S. House Financial Services Committee, said of the debt ceiling talks.

McCarthy, Speaker of the US House of Representatives: We had a very good discussion, and we know where each other is currently.

US House Republican negotiator Graves: The option of spending cuts is not ruled out.

Punchbowl reporter: US House Speaker McCarthy said that no talks have been scheduled with US President Joe Biden, but our staff is continuing the dialogue.

Goldman Sachs analyst David Kostin: Expect the S&P 500 to fall to 4,000.

Market news: U.S. start-up Rocket Lab America will buy some assets of Virgin Orbit (VORB.O) for $16.1 million.

ECB Governing Council Nagel: Peak interest rates need to be maintained long enough until inflation continues to fall.

ECB Governing Council Nagel: Many interest rate hikes are needed to control inflation.

Russian Ministry of Defense: The Russian border has not been violated, and Russian fighter jets have returned to their bases.

Russian Ministry of Defense: Russian fighter jets were dispatched to prevent border crossings.

Russian Ministry of Defense: Two US Air Force strategic bombers were detected over the Baltic Sea close to the Russian border on Tuesday.

Market news: Federal Reserve Chairman Powell left the venue to meet with Democrats.

Punchbowl reporter: After about two hours of debt ceiling negotiations, US White House negotiators left the Capitol.

The Fed accepted a total of $2.257 trillion from 102 counterparties in fixed-rate reverse repurchase operations.

Yields on U.S. 2-year Treasury notes fell slightly after the auction.

McCarthy, Speaker of the US House of Representatives, said: Once an agreement is reached, the House of Representatives will take the lead in taking action.

Spot palladium fell 3%.