Stock futures rise slightly in overnight trading as investors focus on reopening of economy
Wall Street and much of the Financial District stands empty as the coronavirus keeps financial markets and businesses mostly closed on April 20, 2020 in New York City.
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Stock futures rose slightly in overnight trading on Monday as investors remained focused on the reopening of the U.S. economy.
Futures on the Dow Jones Industrial Average climbed about 30 points. The S&P 500 and Nasdaq futures both rose just slightly.
Investors weighed fears of a second wave of coronavirus cases against efforts to reopen businesses and loosen restrictions. California governor Gavin Newsom said Monday some of the state’s retailers will be allowed to offer curb-side pickup starting Friday.
Meanwhile, New York Gov. Andrew Cuomo said that the daily number of hospitalizations and new deaths are declining, suggesting the state is on “the other side of the mountain.” However, he added that …continued .
[Source: CNBC News]