Stock futures go ahead with Yellen’s testimony

U.S. The stock futures went ahead with several earnings representations and testimonies made by Janet Yellen in which she is expected to support higher coronavirus relief costs.

Futures linked to the S&P 500 rose 0.6%, pointing to a rally after the opening bell. Those joining the Nasdaq-100 added 0.9%, suggesting gains in tech stocks.

The earnings season begins on Tuesday in high gear, with Goldman Sachs and Bank of America scheduled to announce their results before the markets open. Netflix is ​​expected to report hours later.

Ms. Yellen is scheduled to appear before the Senate Finance Committee at 10 a.m. to vote on a nomination for Treasury secretary. According to a copy of his prepared remarks, he plans to tell legislators that the U.S. will not accept more aid until Congress accepts it. Longer, more painful risks of recession, and encourages them to do “big work” to advance recovery.

President-elect Joe Biden last week unveiled plans for a 1. 9.19 trillion stimulus package, which would include direct payments of 1, 1,400 to most households and spending on vaccine deliveries. Passing by Congress is the first major test of an incoming leader, which will be inaugurated on Wednesday.