Stock futures rebound after President Trump pushes for new $1,200 stimulus checks for Americans

U.S. stock futures rebounded Wednesday from Tuesday’s slide after President Donald Trump tweeted support for stimulus measures and targeted aid to airlines.

U.S. President Donald Trump
U.S. President Donald Trump

Trump urged Congress to approve airline payroll support, saying that money and aid for small business could be paid for with unused funds from the previous stimulus. He also pushed Congress for new $1,200 stimulus checks to be sent out to Americans.

Yesterday, Trump halted talks of a broad omnibus stimulus package with House Democrats.

CNBC:

Dow futures gained 145 points, or 0.5%. This implied an opening gain of nearly 200 points. S&P 500 futures added 0.4% and Nasdaq 100 futures rose 0.35%.

President Trump urged Congress to approve airline payroll support, saying that money and aid for small business could be paid for with unused funds from the previous stimulus.

Trump also urged Congress in a tweet to approve $1,200 stimulus checks for Americans.

MacDailyNews Take: $1,200 checks ahead of or amidst Christmas shopping season bode well for Apple as the company launches a slew of new products before the end of the year.


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