Futures contracts tied to the major U.S. stock indexes rose early Monday as investors weighed comments by Federal Reserve Chairman Jerome Powell on the state of the economy against signs of optimism as states began to reopen for business over the weekend.
Dow Jones Industrial Average futures implied an opening gain of more than 270 points. S&P 500 and Nasdaq futures also pointed to gains at the open.
Investors on Sunday night heard from Federal Reserve Chairman Jerome Powell, who spoke with CBS’s “60 Minutes” to detail the impact of Covid-19 on the U.S. economy and the path back toward growth.
The central bank leader struck a cautiously optimistic tone, telling the show that he’s “highly confident” the U.S. economy will claw its way back from the current pullback but warned that it may not fully recover until a Covid-19 vaccine is complete.
Dow 30 Long (Buy)
ENTER AT: 24124