U.S. Stock Futures Rise as Trump Mentions Reopening Plans

(Bloomberg) — U.S. stock index futures rose, erasing earlier losses, as investors weighed whether the coronavirus outbreak is slowing enough for the government to move toward relaxing stay-at-home rules.Contracts on the S&P 500 rose 0.9% as of 7:48 a.m. in London, erasing an earlier loss of 1.1%. President Donald Trump said he will unveil guidelines to relax stay-at-home rules on Thursday, citing signs that the outbreak is plateauing in parts of the country.“Investors are expecting economic activity to resume soon, as the virus appears to be peaking out,” said Naoki Fujiwara, chief fund manager at Shinkin Asset Management Co. “But …read more

Source:: Yahoo Finance

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