Futures tied to the Dow rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week.
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 72 points, or 0.2%. Those for the S&P 500 were nearly flat, while those for Nasdaq 100 shed 0.3%, 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 expected to pass the bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.
