US Stocks Futures Higher

US stocks are set to open higher on Monday and support comes from hope for the immediate delivery of the new fiscal stimulus during the busy week of corporate earnings and ahead of the Federal Reserve meeting

S&P 500 futures are up 24 points or 0.8%, Nasdaq 183 or 1.7% and Dow Jones futures are up 0.6% or 166 points.

Republicans are due to release their proposal for the next Corona Virus Reduction Bill, after some disagreements with the White House and Republican lawmakers.

Adding to the positive tone was news that cases and deaths had fallen in many states severely affected by the virus, including Florida, Arizona, California, and Texas. The daily death toll fell to less than 1,000 on Sunday for the first time in four days.

However, more than 146,000 Americans have died due to Covid-19, nearly a quarter of the global total, and there are nearly 4.2 million confirmed cases in the country,

The Federal Reserve is meeting this week, and its two-day meeting is scheduled to end together on Wednesday, although new moves are unlikely.

Meanwhile, the earnings season continues, with about a third of the S&P 500 companies reporting, including 12 Dow Jones indexes this week. In total, 128 S&P 500 members have already reported, with profits down 40% so far.

Oil prices were slightly lower on Monday, with U.S. crude futures dropping 0.5% at $ 41.10 a barrel, while the international benchmark Brent index fell 0.5% to $ 43.58.