US stock futures rose on Friday to indicate that the S&P 500 is ready for its best week in three months, at the risk of investors that a fresh coronavirus-relief spending package will strengthen the economy.
S&P 500-linked futures rose 0.4%, indicating that the broad market gauge could rise after closing at a record high on Thursday. The benchmark is above 4% this week, following its biggest one-week rally since the week ended November 6.
Technology-heavy Nasdaq-100 contracts are up 0.3%, and Dow Jones Industrial Average is up 0.4%.
The market has been booming this week as President Biden pushes ahead with efforts to pass a 9 91.9 trillion relief package. Democrats are using special action to move forward on the stimulus bill: a budget plan approved by the Senate on Friday that requires a simple majority in the Senate to approve the aid plan to move the compromise process forward.
Fresh spending is seen by many investors as crucial to advancing economics in parts of Europe.
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