US pre-open: Futures higher after Trump signs Covid-19 relief bill
Wall Street futures had stocks opening higher ahead of the bell on Monday after Donald Trump finally signed off on Congress' Covid-19 stimulus relief package.
As of 1320 GMT, Dow Jones futures were up 0.55%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.71% and 0.78% firmer, respectively.
The Dow closed 70.04 points higher on Thursday's Holiday-shortened session.
Trump unexpectedly signed the $900.0bn economic relief bill into law, averting a shutdown of the government after having previously indicating he would veto the legislation amid demands for direct $2,000 payments to Americans.
"I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more," Trump said.
Elsewhere, the National Institute of Allergy and Infectious Diseases' Dr Anthony Fauci warned over the weekend that the US may see a surge in new Covid-19 cases as a result of Christmas and New Year celebrations.
The US has now recorded more than 19.57m total cases of Covid-19, claiming the lives of 341,138 Americans along the way.
On the macro front, the Dallas Fed's December manufacturing index will be published at 1530 GMT.