U.S. Equity Futures Rise on Stimulus Bets

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U.S. equity futures rose and the dollar fell on Thursday as investors applauded signs of progress towards a new stimulus package that could support the economy during a potential winter slowdown.
Futures contracts linked to the S&P 500 rose 0.5%, suggesting that the gauge of benchmark stocks could rise for a third day in a row after the opening bell. The S&P 500 closed at its second highest level on record Wednesday. Futures contracts linked to the tech-focused Nasdaq-100 also rose 0.5%.
Congressional leaders on Wednesday reached a roughly $ 900 billion coronavirus relief deal that includes another round of direct payments to households. After months of deadlock, the emerging deal represented a breakthrough at a critical time in the pandemic, with vaccine distribution underway, but hospitalizations hitting record highs.
Investors globally believe that a new dose of stimulus is needed to seal the economy through the end of winter and that widespread vaccinations have the potential to bring the virus under control in 2021. are new trade restrictions in some states .
“The stimulus is essential,” said Mary Nicola, portfolio manager at PineBridge Investments.

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