Stock futures slip after Trump signs orders extending coronavirus relief
Trader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020.
Bryan R Smith | Reuters
U.S. stock futures slipped on Sunday night after President Donald Trump signed several executive orders aimed at extending coronavirus relief.
Dow Jones Industrial Average dipped 55 points, or 0.2%. S&P 500 futures fell 0.2% and Nasdaq 100 futures were down by 0.4%.
Those orders continue the distribution of expanded unemployment benefits, defer student loan payments through 2020, extend a federal moratorium on evictions and provide a payroll tax holiday. However, the unemployment benefit will be continued at a reduced rate of $400 per week. Originally, the benefit provided workers impacted by the pandemic with $600 per week.
Trump’s moves come after congressional leaders failed to make progress on a new coronavirus stimulus package last week. Several benefits from a package …continued .
[Source: CNBC News]