Traders are working on the floor of the New York Stock Exchange.
NYSE
In the long run, futures held during overnight trading, before the last trading week of 2020.
Dow Jones industrial average futures are up 30 points. The S&P 500 futures gained 0.1% and the Nasdaq 100 futures traded 0.2% higher.
Investors monitored the status of a $ 900 billion Covid-19 aid bill, which was passed by both houses of Congress but was not signed into law by President Donald Trump. His resistance threatens to shut down the government when funding ends Tuesday at 12:01 a.m. Trump criticized direct payments of $ 600 of the bill, demanding $ 2,000 checks instead.
“Trump has turned what is normally one of the slowest weeks of the year into a fairly eventful period, as investors seek to see if the House can lift its defense veto and meet its the implicit threat to veto budget / stimulus legislation, “Adam Crisafulli, the founder of Vital Knowledge, said in a note.
Trump wrote on Twitter on Sunday night that there will be “good news” on the aid bill.
Millions of Americans have lost increased unemployment benefits as the pandemic unemployment assistance program expired overnight.
Wall Street is coming to a quiet holiday week in which major media have seen flat returns. The S&P 500 fell 0.2% last week as some investors pulled out chips at the end of the year. The 30-share Dow gained 0.1% for the same period.
Profitability could increase in the last week of the year, which has so far been surprisingly strong. The S&P 500 has so far gained 14.6%, while the Dow has risen 5.8%. The Nasdaq rose 42.7% this year as investors favored high-tech technology names during the ongoing Covid-19 pandemic.
Dr. Anthony Fauci warned on Sunday that the country could see an increase in new Covid-19 infections after the Christmas and New Year holidays. Two vaccines by Pfizer and Moderna have started the distribution process this month. So far, more than a million people in the United States have been vaccinated.
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