Futures near record highs as stimulus hopes build

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U.S. stock index futures held near all-time highs on Friday as growing prospects for further economic stimulus and continued optimism over a COVID-19 vaccine-driven economic recovery lifted sentiment.

FILE PHOTO: The Fearless Girl statue is seen as the U.S. flag covers the front facade of the New York Stock Exchange in New York City, New York, U.S., November 9, 2020. REUTERS/Brendan McDermid/File Photo

A Labor Department’s closely watched report, expected at 8:30 a.m. ET , is likely to show U.S. employers hired the fewest workers in six months in November, hindered by a resurgence in COVID-19 cases and a lack of more government relief money.So far positive vaccine updates from major drugmakers have eclipsed bleak economic readings and a surge in infections, setting the Wall Street’s main indexes for another week of gains after the benchmark S&P 500 clocked its best November.

Shares of U.S. carriers and cruise lines including American Airlines, Norwegian Cruise Line and Carnival Corp were up between 2% and 3.3% in premarket trade.

 

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Eventually we will have to pay for all these handouts.

I have faith that MoscowMitch will ruin this for everyone.

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