🚀 ProPicks AI Hits +34.9% Return!Read Now

US STOCKS-Futures rise on renewed hopes of stimulus deal

Published 19/10/2020, 11:59
© Reuters.
US500
-
DJI
-
NFLX
-
BN
-
AAL
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window.)
* Futures up: Dow 0.7%, S&P 0.8%, Nasdaq 1.0%

By Medha Singh
Oct 19 (Reuters) - U.S. stock index futures climbed on
Monday on hopes of a coronavirus vaccine by the year end, while
remarks from House Speaker Nancy Pelosi revived bets that an
agreement in Washington on a fiscal package could be reached
soon.
U.S. planemaker Boeing Co's BA.N shares rose about 1% in
premarket trading as American Airlines Group AAL.O announced
plans to return its 737 Max jets to service by the end of this
year depending on certification of the aircraft from the Federal
Aviation Administration. American Airlines shares gained 0.9%.
Pelosi said on Sunday that differences remained with
President Donald Trump's administration on a wide-ranging
coronavirus aid package, but she was optimistic legislation
could be pushed through before Election Day. Meanwhile, Trump and his Democratic challenger Joe Biden
will debate for a final time on Thursday with about two weeks
left until the Nov. 3 presidential election.
Wall Street's main indexes logged slight gains last week —
the third in a row for the benchmark S&P 500 .SPX and the
blue-chip Dow .DJI — as news that a COVID-19 vaccine could be
available by November helped offset worries about the elusive
federal aid bill.
This week investors will also look to results from
International Business Machines Corp IBM.N and Netflix Inc
NFLX.O .
At 06:27 a.m. ET, Dow E-minis 1YMcv1 were up 0.68% at
28,6000 points and S&P 500 E-minis EScv1 were up 0.76% at
3,488 points. Nasdaq 100 E-minis NQcv1 rose 1% to 11,916
points.
Oilfield services provider Halliburton Co HAL.N posted its
fourth consecutive quarterly loss as this year's slump in oil
prices due to the COVID-19 pandemic hit demand for its services.
Its shares, which have lost about half of their value this year,
were up 1.2%.
American Equity Investment Life Holding Co AEL.N dropped
2.8% as it said it had entered into a strategic partnership with
Brookfield Asset Management Inc BAMa.TO and rejected an
unsolicited acquisition proposal from Athene Holding Ltd ATH.N
and Massachusetts Mutual Life Insurance Co.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.