US equity futures jump as Biden pushes through a $1.9 trillion stimulus program

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After a brief pause on Friday, the S&P 500 and Dow Jones Industrial average are set to resume their rally today with futures of both benchmarks indicating a higher open.

Some investors remain concerned about the surge and mutation in Covid-19, but it’s the fiscal and monetary policies along with earnings that will determine the next move in equities.

Expectations of substantial fiscal aid are keeping the bulls in control despite Republicans saying the $1.9 trillion package is too costly. This would make bipartisan support the relief package uncertain. However, with Democrats now in… Read More:

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