Stock Futures Wobble on Stimulus Hopes, Earnings
- Date: 21-Oct-2020
- Source: The Wall Street Journal
- Sector:Economy
- Country:Middle East
Stock Futures Wobble on Stimulus Hopes, Earnings
U.S. stock futures drifted higher Wednesday as investors assessed prospects for a fresh stimulus bill and the health of major American businesses for cues on the economic outlook.
Futures tied to the S&P 500 wavered between gains and losses, suggesting the broad index could face another day of choppy trading. The S&P 500 added 0.47% Tuesday on optimism that Congress would reach an agreement on a spending package.
Democratic negotiators and the White House said they would press ahead with talks on the next coronavirus-relief package, setting aside a Tuesday deadline proposed by House Speaker Nancy Pelosi to hammer out the accord. Mrs. Pelosi signaled there was progress after her conversation with Treasury Secretary Steven Mnuchin.
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