Trump is preparing $1 trillion infrastructure proposal

[nightkalalu]

Futures contracts tied to the major U.S. stock indexes rose early Tuesday morning as a Bloomberg report said President Donald Trump’s administration is preparing a $1 trillion infrastructure proposal.

Dow Jones Industrial Average futures rose 503 points, suggesting an open gain of more than 550 points when regular trading resumes on Tuesday. S&P 500 and Nasdaq-100 futures also implied a positive Tuesday start for the two indexes.
 

Citing people familiar with the plan, Bloomberg reportedthe Trump administration is drawing up a $1 trillion infrastructure proposal. The report said a preliminary version being prepared would set aside majority of the money for traditional infrastructure such as roads and bridges, though funds would also be reserved for 5G wireless infrastructure and rural broadband.

The overnight moves Monday evening followed a striking rebound in U.S. equity markets during the regular session. 

The Dow Jones Industrial Average closed 157.62 points higher on Monday after the blue-chip index fell more than 760 points earlier in the session. The S&P 500 gained 0.8% to end the day at 3,066.59 while the Nasdaq Composite advanced 1.4% to 9,726.02. The S&P 500 and Nasdaq had fallen as much as 2.5% and 1.9%, respectively, before erasing those losses.

Traders pointed to an announcement from the Federal Reserve during Monday’s session for an abrupt move higher around 1:50 p.m. ET.

 

https://www.cnbc.com/2020/06/15/stock-market-futures-open-to-close-news.html

[nightkalalu]

Market green this week with Fed+this news