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Tuesday, April 7, 2020

Futures extend rally, ahead by 3%

Stock futures are pointing to another opening jump in early morning trade, up nearly 3%, following a steep rebound in the previous session that saw major U.S. indexes rally more than 7%.
In a press conference Monday, President Trump said there’s “tremendous light at the end of the tunnel” with ten different therapeutic agents in active trials amid a slew of coronavirus headlines pointed to a potential stabilization in the U.S.
The Federal Reserve also moved to bolster a new small business lending program by allowing financial institutions to turn those loans over to the U.S. central bank for cash.

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