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Home / Business / US stocks futures climb as legislators when preliminary termination deal

US stocks futures climb as legislators when preliminary termination deal



US Stock futures rose Tuesday, after lawmakers reached an agreement to prevent a government suspension and optimism from growing over a potential US-China trade agreement.

How are large indexes faring?

Dow Jones Industrial Average Futures

YMH9, + 0.58%

rose 132 points, or 0.5% to 25,147, while S & P 500 futures

ESH9, + 0.54% [13659004] added 1

3.7 points, or 0.5% to 2.722. Nasdaq-100 futures

NQH9, + 0.73%

jumped 45.5 points, or 0.7% to 6.959.50.

On Monday, the Dow Jones Industrial Average

DJIA, -0.21%

fell 53.22 points, or 0.2% to 25.053.11, while S & P 500

SPX, + 0.07%

rose 1.92 points to 2.709.8, and the Nasdaq Composite Index

COMP, + 0.13%

received 0.1% to 7.307.90.

Read : Morgan Stanley warns of a threatening earnings recession

What drives the market?

Late Monday, Democratic and Republican lawmakers said an agreement had been reached to avert another detrimental government's suspension. Desperate to avoid the recurrence of such a scenario, GOP dealers agreed on a framework agreement that would mean much less money for President Donald Trump's border wall than the White House desired.

The preliminary agreement, involving 55 miles of new border fence, still requires Trump approval, which told a rally in El Paso, Texas that "progress is being made with this committee." He added, "Just so you know, we're building the wall anyway." Trade negotiations entered another day on Tuesday in Beijing, with Finance Minister Steven Mnuchin and US Trade Representative Robert Lighthizer arriving Thursday for more high-level discussions. One o'clock at 12:01 o'clock Eastern time March 2 deadline runs for an agreement to be reached between the two countries.

How do other markets trade?

In Asia, the Nikkei 225 index returned from a vacation to jump 2.6%, while the Shanghai Composite rose 0.6%, and most other indexes rose. Stoxx Europe 600

SXXP, + 0.56%

futures indicated a stronger open to stock there.

Crude

CLH9, + 0.63%

was modestly higher, while gold

GCH9, + 0.34%

is higher and US dollars

DXY, + 0.03%

holds.

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