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2021-03-08

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Dow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill

Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final pas

Dow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/07/stock-market-open-to-close-news.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week.\nFutures contracts tied to the Dow Jones Industrial Average added 155 points, or 0.5%...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/07/stock-market-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/03/07/stock-market-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1136643242","content_text":"Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week.\nFutures contracts tied to the Dow Jones Industrial Average added 155 points, or 0.5%. Those for the S&P 500 were up 0.4%, while those for Nasdaq 100 were flat, signaling that a recent underperformance by tech stocks may continue on Monday.\nThe 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.\nThe fresh round of government spending could cause ripples in the U.S. Treasury market, where the benchmark 10-year yield has risen sharply in recent weeks. Theyield rose as high as 1.62%on Friday after starting the calendar year below the 1% mark. It was trading at roughly 1.59% on Sunday night.\nThe rapid move in the bond marked has unnerved equity investors as well, contributing to weakness in stocks with high valuations.\n“10-year yields finally caught up to other asset markets. This is putting pressure on valuations, especially for the most expensive stocks that had reached nosebleed valuations,” Mike Wilson, the chief U.S. equity strategist at Morgan Stanley, said in a note.\nThe stock market is coming off anafternoon rally on Fridaythat took some of the sting out of a rough week for high-flying momentum names. The tech-heavyNasdaqfinished with a week-to-date loss of 2.1%, while theS&P 500gained 0.8%. TheDow, more reliant on cyclical stocks, rose 1.8%.\nThe Friday turnaround doesn’t signal that the recent weakness for the market is over, but the divergence between tech and cyclical plays shows that the bullish story remains intact, Morgan Stanley’s Wilson said.\n“The bull market continues to be under the hood, with value and cyclicals leading the way. Growth stocks can rejoin the party once the valuation correction and repositioning is finished,” Wilson said.\nOn the economic front, investors will get a look at wholesale inventory data from January on Monday. Several economic measures in recent weeks have shown a recovery that is picking up steam, including abetter-than-expected February jobsreport released on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":691,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}