REUTERS: Wall Street indexes were set to open almost unchanged on Monday as investors looked to executive orders from President Donald Trump over the weekend to support the economy until more concrete stimulus could be passed.
With total infections in the country crossing five million and recent data suggesting that an economic recovery was stalling, markets had few positive cues to trade on. Still, optimism over a better-than-expected earnings season and hopes of more stimulus had seen the S&P 500 gain nearly 2.5per cent last week, while the Nasdaq touched a record high every day of the week.After a strong tech-led rally over the past few months,"to me it's about the U.S. stimulus as a catalyst for markets at this point," said Tim Chubb, chief investment officer at Girard in West Chester, Pennsylvania.
At 8:08 a.m. ET, Dow e-minis were up 97 points, or 0.35per cent. S&P 500 e-minis were up 3.25 points, or 0.1per cent and Nasdaq 100 e-minis were up 10 points, or 0.09per cent.
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