Securities tied to the S&P 500 rose 0.7%, indicating that U.S. stocks may gain after the opening bell. The broad-market indexMrs. Pelosi has indicated that the White House needs to reach a deal with Democratsif the government wants to pass the next coronavirus-relief bill before Election Day. The California Democrat and Treasury Secretary Steven Mnuchin edged closer on some policy differences holding up a sweeping coronavirus relief package, but disputes remained.
“There has to be some form of a deal: the most likely outcome is that they’ll have to do something. Given what’s happening with Covid, the economy needs some support and markets need some form of guidance,” said Peter Dixon, an economist at Commerzbank. But “we are really running out of time,” he cautioned.
Markets have swung in recent weeks on every twist in the talks. If passed, the stimulus package could drive a further rally in stocks.
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