U.S. stock futures rose on Monday in the hope that talks for further financial stimulus are advancing and that the release of the Govt-19 vaccine will help stave off the epidemic.
The futures for the S&P 500 are up 0.7%, indicating that the broader market index may rise after the New York opening hour. Contracts linked to the Nasdaq-100 index rose 0.5%.
U.S. lawmakers on Sunday identified their willingness to compromise on the most controversial issues that have stalled the implementation of a new corona virus-relief package in recent months. Leadership from both parties pointed out that they could be seen passing a narrow spending bill. Investors are betting that a deal will occur, and that additional costs will help boost economic resilience.
“In the United States, it’s about monetary policy,” said Justin Onukwuzi, head of retail multicet funds at the Legal and Public Investment Administration. “Markets have priced some of these and hope it will happen.”
Pfizer began shipping its Govt-19 vaccine to the United States, shipping trucks from a Michigan plant. Vaccinations can begin as early as Monday. It raises the bar of restrictions on social and business activities and raises hopes that the level of epidemics could be checked in the coming months. The decision to lock down will improve the outlook for companies affected by the epidemic this year.