In Washington, House Speaker Nancy Pelosi’s office said Saturday evening that she is giving the Trump administration 48 hours to reach an aid deal before the Nov. 3 election. Pelosi and Treasury Secretary Steven Mnuchin continued their discussions over the weekend. They agreed to speak again Monday.
Pelosi’s comments came as hope among market experts for a deal being reached ahead of the election dwindles. This, along with the apparent new wave in coronavirus infections, contributed to a choppy trading action last week.
U.S. stock futures rose on Sunday night as the number of newly confirmed coronavirus cases continues to rise while lawmakers remain at an impasse over a new stimulus deal.
Dow Jones Industrial Average futures were up 101 points, or 0.4%. S&P 500 and Nasdaq 100 futures rose 0.5% and 0.7%, respectively.
Reference: CNBC
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