Back to the Top News Newsfeed

Stock futures cling to hopes of recovery as virus cases rise

(Reuters) - U.S. stock index futures rose on Monday on hopes of stimulus-fueled economic recovery even though sentiment remained fragile amid growing evidence of a surge in the coronavirus infections.

Trillions of dollars in monetary and fiscal support, the reopening of businesses and improving economic data have helped the S&P 500 <.SPX> climb about 41% from its March lows, leaving it only about 9% of its Feb. 19 record high.

Rising virus infection rates, however, remained an overhang on the markets, especially after the World Health Organization reported a record rise in global coronavirus cases on Sunday.