Futures tracking the S&P 500 and Nasdaq 100 rose on Monday as investors remained hopeful about a deal in Washington over more fiscal stimulus, while Dow futures were subdued ahead of the start of the quarterly corporate earnings season.
The Trump administration on Sunday called on Congress to pass a stripped-down coronavirus relief bill as negotiations on a broader package ran into resistance.
Bets of fresh federal aid propped up U.S. stocks last week even as economic data pointed to a slowing domestic recovery. Growing expectations of a Democratic victory in next month’s presidential election also helped Wall Street’s main indexes end Friday at one-month highs.
Focus this week will also be on the third-quarter earnings scorecard for corporate America, with JPMorgan & Co and Citigroup slated to post results on Tuesday.