Dow Set to Open Flat After Stimulus Package Passes

Stock futures looked to an unchanged open Wednesday following Tuesday’s historic rally in anticipation of a coronavirus stimulus deal by Congress. The White House and Senate reached an agreement overnight.

Futures for Dow Jones Industrials squirted ahead 26 points, or 0.1%, early Wednesday to 20,634.

Futures for the S&P 500 slipped 19.5 points, or 0.8%, at 2,418.50

Futures for the NASDAQ Composite faded 65.5 points, on 0.9%, to 7,489.25.

The action in the futures market followed an epic comeback on Wall Street. The Dow soared more than 2,100 points, or over 11%, notching its biggest one-day percentage gain since 1933 and its best point increase ever. The S&P 500 rallied 9.4% for its best day since October 2008.

White House and Senate leaders agreed to a massive $2-trillion coronavirus stimulus bill in the middle of the night.

Overseas, in Japan, the Nikkei 225 sprang up 8%, while Hong Kong, the Hang Seng Index took on 3.8%.

Oil prices docked 52 cents to $23.49 U.S. a barrel.

Gold prices gave back $29.30 to $1,631.50 U.S. an ounce.