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Stock futures December 22, 2020

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At 9:18 AM, ET time today the latest stock futures report follows.

S&P Futures: 3,688.25,+2.50(+0.07%)
Dow Futures: 30,083.00,-30.00(-0.10%)
Nasdaq Futures: 12,734.25,+50.75(+0.40%)
Russell 2000 Futures: 1,968.80,+2.70(+0.14%)

Stock market data: Yahoo Finance

stock market news

“Stock futures slightly higher after Congress approves virus relief package.

Stock futures pointed toward a slightly higher open Tuesday morning after lawmakers voted to approve a long-awaited virus relief package, offering funds to help support many of the individuals and businesses hardest-hit by the coronavirus pandemic.

Contracts on all three major indices were slightly higher, reversing some losses from earlier during the overnight session.

A day earlier, the Dow had shed more than 400 points, or 1.4%, before recovering losses to end slightly higher during a volatile session. Concerns over a new strain of the coronavirus identified in the UK, and a host of new travel restrictions to and from the region that ensued, were at the center of investor jitters.

However, with much still to be uncovered about the virulence of the coronavirus variant, investors at least temporarily turned their attention to Washington. Congress passed a 5,593-page coronavirus relief bill and government spending bill for the fiscal year, after reaching an agreement on the legislation over the weekend.

The virus relief package is set to include another round of $600 stimulus checks to Americans, $300 per week in augmented federal unemployment insurance for unemployed individuals, more than $300 billion in aid for small businesses including through the Paycheck Protection Program, and tens of billions of dollars across other provisions including rental assistance, vaccine distribution funds and broadband support.

Stock marke source: Yahoo Finance

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