U.S. stock index futures advanced on Wednesday as hopes of an economic recovery eclipsed worries over simmering tensions between the United States and China.
Unprecedented monetary and fiscal stimulus, the easing of lockdowns and optimism about an eventual COVID-19 vaccine have powered a rally, helping the S&P 500The benchmark index, however, closed just short of 3,000 points, a key psychological level, after President Donald Trump said the United States would announce before the end of the week its response to China’s planned national security legislation for Hong Kong.
At 6:07 a.m. ET, S&P 500 e-minis EScv1 were up 1.22% at 3030.5. Dow e-minis 1YMcv1 were up 354 points, or 1.42% and Nasdaq 100 e-minis NQcv1 were up 86.5 points, or 0.92%.Travel-related stocks, which were among the worst hit in the sell-off earlier this year, continued to outperform. United Airlines Holdings Inc (
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