Stock Futures Rise on Monday Night
Futures were up significantly on Monday night after the S&P 500 closed at a record high last Friday.
“Covid is far from defeated, but the path toward economic normalization is clearer as more vaccines that reduce hospitalizations and eliminate fatalities are approved,” Dennis DeBusschere, strategist at Evercore ISI, said. “Treasury Secretary [Janet] Yellen’s forceful arguments for additional stimulus followed by Fed Chair [Jerome] Powell describing maximum employment as ‘our national goal’ helped lift bond yields, inflation expectations, and oil prices last week.”
- Dow futures were up 250 points, or 0.80 percent
- S&P 500 futures were up 0.70 percent
- Nasdaq futures were up 0.70 percent.