U.S. Stock Futures Edge Slightly Higher amid Trump’s Threat to Derail Covid-Stimulus Bill

U.S. stock futures edged slightly higher as Trump threatened to derail the long awaited Covid stimulus bills.

 

Dow Jones Futures and S&P 500 Futures both gained 0.20%, while Nasdaq Futures rose 0.12% prior to its morning session on Wednesday after the Congress approved the $900 billion Covid relief yesterday.

However, the U.S. President Donald Trump on Tuesday lashed out at lawmakers over the newly approved 900-billion-U.S.-dollar COVID-19 relief package, calling the relief package an “unsuitable disgrace” and threatening not to sign the bill if changes are not made to increase the amount of stimulus checks.

The historically relief package includes $600 direct payment to most adults and $600 per child, up to $300 per week for unemployment insurance benefits, $284 billion in Paycheck Protection Program small business loans, and $8 billion for coronavirus vaccine distribution.