Stocks were rising Monday as Congress moves closer to implementing a final economic-stimulus bill.
Futures on the
Dow Jones Industrial Average
rose 250 points, or 0.8%. Futures on the
rose 0.8% as well, while the tech-heavy
was poised to open up 0.6% despite news of a wide-reaching outage of Google services. Shares of
(GOOGL), Google’s parent company, were marginally lower.
Congress is making another push at completing a more than $908 billion stimulus bill. After investors had grown optimistic in November that a deal would get done soon, stocks took a breathe, moving down as Democrats and Republicans in Congress squabbled over details. Democrats wanted more state and local finding and Republicans wanted more small business liability protection.
The S&P 500 fell about 1% between Dec. 4, the date stocks began that pause and the close of trading on Friday. Now, data showing