Stock Futures Slip After Trump Signs Orders Extending Coronavirus Relief

U.S. stock futures slipped on Sunday night after President Donald Trump signed several executive orders aimed at extending coronavirus relief.

Dow Jones Industrial Average dipped 55 points, or 0.2%. S&P 500 futures fell 0.2% and Nasdaq 100 futures were down by 0.4%.

Those orders continue the distribution of expanded unemployment benefits, defer student loan payments through 2020, extend a federal moratorium on evictions and provide a payroll tax holiday. However, the unemployment benefit will be continued at a reduced rate of $400 per week. Originally, the benefit provided workers impacted by the pandemic with $600 per week. Read more…..


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Bob Prince, co-chief investment officer at Bridgewater Associates, discusses the impact of the coronavirus pandemic on the U.S. economy, bond investment strategy in a near-zero interest rate environment, and the future for the U.S. dollar as a reserve currency. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.”

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