Stock futures opened lower Monday evening at the tail end of a diverse session on Wall Street.
The Nasdaq finished the regular trading day at a record high as tech shares marched much higher. The S&P 500 and Dow edged lower, nonetheless, to pull back from the record amounts the 2 indices attained on Friday.
Investors this week have been closely monitoring advancements out of Washington, with lawmakers still working to agree on measures to fund the government as well as provide another virus relief program. Lawmakers are poised to vote Wednesday on a continuing resolution to push back a deadline to fund the government from Friday to week that is following to be able to avoid a government shutdown, House Majority Leader Steny Hoyer said in a tweet.
A package to provide hundreds of billions of dollars more in virus relief aid was likewise supposed to be integrated in the federal government spending bill. House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer have backed the $908 billion coronavirus stimulus proposal a bipartisan group of lawmakers released last week, nonetheless, if Senate Majority Leader Mitch McConnell will support the near-1dolar1 1 trillion weight loss plan and the billions it’ll allocate to state and local governments remains not clear.
Meanwhile, still-rising coronavirus situation when counts have raised the specter of more lockdowns in the land, raising the urgency for lawmakers to offer help to Americans even though they await a vaccine. Coronavirus cases have averaged nearly 200,000 per day in the U.S. over the past week, along with the average of number of deaths reported on a daily basis increased to more than 2,000 each day over the same period, nearing amounts from April.
We haven’t seen the amount of spread that is going to happen after the Thanksgiving holidays, and we are previously learning about many health methods that are reaching capacity in terms of ICU beds particularly, Johns Hopkins Medicine’s Dr. Brian Garibaldi told Yahoo Finance on Monday. Things are sure to deteriorate before they get much better.
But also given the still dire virus circumstance, traders have mostly kept piling into stocks.
This’s naturally the next if not the third wave in a number of areas of the planet. I believe the market has observed this movie before, and in fact the market is actually scrolling through, Anik Sen, PineBridge Investments global head of equities, told Yahoo Finance. Short-term, naturally, you will find a number of uncertainties in terminology of the trajectory of the pandemic and short-term uncertainties in terms of the policy effect. although I believe the market is actually getting a lot more comfortable that we ought to see a stimulus bill in the next couple of days and even before the year end… There is a great deal of market opportunity remaining.
6:07 p.m. ET Monday: Stock futures point lower
Here were the principle moves in markets, as of 6:07 p.m. ET:
S&P 500 futures (ES=F): 3,683.25, down 7.5 points or even 0.2%
Dow futures (YM=F): 29,993.00, down 64 points or even 0.21%
Nasdaq futures (NQ=F): 12,580.5, down 15.5 points or 0.12%