In today's Econ Recaps, the S&P 500 closed up slightly with the real estate sector leading the gains. Wells Fargo and Digital Realty Trust were the biggest winners while Statestreet and Moderna were the biggest losers. Taiwan announced plans to buy American antiship missiles while Warren Buffet sold most of his stake in TSMC. The US is currently holding $31.4 trillion in national debt, with a debt ceiling that limits how much the government can borrow. If the debt ceiling is not raised, the US may default on its obligations, which could have serious consequences for the economy and global markets. However, the US has a 5.2 debt service coverage ratio, which indicates a good handle on its debt. State Street reported a slightly worse-than-expected quarter, while Charles Schwab's earnings per share beat expectations. Tomorrow, big names like Bank of America, Goldman Sachs, and Netflix will report earnings.