U.S. stock futures rose on Monday in light holiday volume, helped by the world's number-two economy planning to lift some restrictions as it fights COVID...
U.S. stock futures rose on Monday in light holiday volume, helped by plans from the world’s number-two economy to lift some restrictions as it fights COVID more aggressively than the rest of the world.
On Friday,... U.S. stock futures rose on Monday in light holiday volume, helped by plans from the world’s number-two economy to lift some restrictions as it fights COVID more aggressively than the rest of the world. On Friday, the Dow Jones Industrial Average DJIA rose 576 points, or 1.76%, to 33213, the S&P 500 SPX increased 100 points, or 2.47%, to 4158, and the Nasdaq Composite COMP gained 390 points, or 3.33%, to 12131.
“The easing is mainly an issue for domestic demand—Chinese exports continued to grow during the restrictions. However, some international companies produce in China for Chinese consumption, so the easing has relevance for some global equities,” said Paul Donovan, chief economist at UBS Global Wealth Management.
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