U.S. stock futures rose in early trading Tuesday as Congress continued negotiations on another economic relief package and Covid-19 vaccines began to roll out across the country.
Futures contracts for the Dow Jones Industrial Average implied an opening gain of about 180 points. Futures for the S&P 500 and Nasdaq 100 were also both higher.
Lawmakers released the latest proposal for another round of economic relief on Monday evening, splitting a previous bipartisan proposal into two parts.
The new plan calls for $748 billion in spending for programs that are popular on both sides of the aisle, including an additional $300 per week in federal unemployment benefits and another $300 billion for more loans under the Paycheck Protection Program.
A second $160 billion bill would include the more contentious areas of business liability protections and financial aid to state and local governments.
The latest step toward a stimulus deal comes as investors and Americans at large grapple with a bleak near-term outlook but prospects of economic growth and the possible end of the pandemic in 2021.