Finance

Dow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill

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Traders work on the floor of the New York Stock Exchange.

NYSE

Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week.

Futures contracts tied to the Dow Jones Industrial Average added 155 points, or 0.5%. Those for the S&P 500 were up 0.4%, while those for Nasdaq 100 were flat, signaling that a recent underperformance by tech stocks may continue on Monday.

The move in futures came after the Senate passed a $1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments. The Democrat-controlled House is…



Source cnbc.com

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