futures-rise-as-washington-reaches-deal-on-$2-trillion-aid-package

Futures rise as Washington reaches deal on $2 trillion aid package

Business

(Reuters) – U.S. stock index futures rose on Wednesday, putting Wall Street on course to extend its massive bounce from the previous session, as Washington reached a deal on a $2 trillion stimulus package to help ease some economic pain from the coronavirus pandemic.

The Senate will vote on the bill later on Wednesday and the House of Representatives is expected to follow soon after.

At 05:24 a.m. EDT, Dow e-minis 1YMcv1 were up 741 points, or 3.6%, S&P 500 e-minis EScv1 were up 54 points, or 2.21% and Nasdaq 100 e-minis NQcv1 were up 187 points, or 2.48%.

SPDR S&P 500 ETFs (SPY.P) were up 2.61%.

The S&P 500 index .SPX closed up 9.38% at 2,447.33​ on Tuesday.

Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur