NEW YORK - U.S. equity futures are pointing to a higher open when Wall Street begins trading on Tuesday as congressional and White House officials emerged from grueling negotiations at the Capitol over the $2 trillion coronavirus rescue package saying they expected to reach a deal Tuesday. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates This comes after the Federal Reserve promised support to the struggling economy.
The major futures indexes are indicating a gain of more than 5 percent or around 900 Dow points. The Fed promised to buy as many Treasurys and other assets as needed to keep financial markets functioning.