(Bloomberg) -- U.S. stock index futures advanced Monday as investors focused on the prospects for an expansion of economic stimulus to help counter the impact of the spreading global pandemic.
September contracts on the S&P 500 rose 1.1% as of 8:11 a.m. in London. Futures on the Dow Jones Industrial Average climbed 1.3% and those on the Nasdaq 100 Index added 1.2%. U.S. financial markets were closed on Friday before Independence Day on July 4.
The Stoxx Europe 600 Index jumped 1.7%, with all sectors trading in the positive territory.
“With U.S. states continuing to post record cases into the July 4 weekend and the World Health Organization likewise having reported a one-day high in global infections over the weekend, the battle between the Covid-19 drag and improving economic conditions continues,” Jingyi Pan, a market strategist at IG Asia, wrote in a note.
Coronavirus cases in the U.S. increased by almost 56,000 on Sunday, a 2% rise that outpaced the 1.8% average daily increase over the past week, according to Johns Hopkins University.
June employment data came in stronger than forecast on Thursday. Goldman Sachs Group Inc. economists revised down their estimates for the U.S. economy this quarter, but predicted it will be back on track in September after some states imposed fresh restrictions to combat the coronavirus. Congress is set to resume talks on the next stimulus bill later this month.
For more articles like this, please visit us at bloomberg.com
Subscribe now to stay ahead with the most trusted business news source.
©2020 Bloomberg L.P.
"stock" - Google News
July 06, 2020 at 01:00PM
https://ift.tt/2VQAVvg
U.S. Stock Futures Gain as Market Weighs Virus Cases, Economy - Yahoo Finance
"stock" - Google News
https://ift.tt/37YwtPr
https://ift.tt/3b37xGF
Bagikan Berita Ini
0 Response to "U.S. Stock Futures Gain as Market Weighs Virus Cases, Economy - Yahoo Finance"
Post a Comment