Futures rose as traders started the week on a positive note as hope build that the U.S. debt ceiling deadline can be resolved.
U.S. stock futures rose on Monday amid building optimism that the government debt ceiling deadline can be resolved.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA fell 9 points, or 0.03%, to 33301, the S&P 500 SPX declined 7 points, or 0.16%, to 4124, and the Nasdaq Composite COMP dropped 44 points, or 0.35%, to 12285. But news over the weekend that talks between the White House and congressional leaders had been “constructive” and a second round of discussions is set for Tuesday boosted optimism that a solution can be reached.
“[W]e’ve continued to remind investors that since 2011, getting Congress to strike a deal has seemed to occur only after the stock market has thrown a temper tantrum,” said Calvasina in a note to clients.
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