Stock market news live updates: Stock futures open little changed after tech-led rally
Stock futures clung to the flat line Monday evening after a tech-led rally during the regular session, with investor attention still centered on fresh signs of corporate and economic stress from the coronavirus pandemic.
Quarterly earnings results set for release Tuesday are set to give further indications of the company-level impacts of the pandemic, with blue-chip company Disney (DIS), along with newly public firms Nikola (NKLA), Beyond Meat (BYND) poised to report after market close.
During the regular session Monday, the Nasdaq Composite jumped 1.5% to end at a record, as each of Microsoft and Apple set fresh highs. Both stocks steadied in late trading, with the Redmond, Washington-based company still deliberating a potential acquisition of TikTok’s operations in the US and some other countries, in a move that would expand its consumer-facing business operations. President Donald Trump suggested on Monday that the US government receive a portion of the payment from any sale – from Microsoft or any other firm taking up the Beijing-based social media company.
Elsewhere in Washington, talks between Democratic and Republican lawmakers over the next round of stimulus aid are set to continue on Tuesday, after House Speaker Nancy Pelosi (D-Calif.), Senate Minority Leader Chuck Schumer (D-N.Y.), Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows met for over two hours on Monday to discuss the package. The level of enhanced unemployment insurance benefits remains a sticking point, along with the total funds for other aid for individuals and state and local government programs.
More on: finance.yahoo.com