Here are five things you must know for Thursday, Oct. 1:
1. — Stock Futures Rise on Signs of Progress Toward Aid Package
Stock futures traded higher Thursday amid signs of progress toward a fifth coronavirus aid package.
Contracts linked to the Dow Jones Industrial Average rose 250 points, S&P 500 futures were up 32 points and Nasdaq futures gained 153 points.
Treasury Secretary Steven Mnuchin said he and House Speaker Nancy Pelosi “made a lot of progress in a lot of areas” in talks they held Wednesday. Pelosi said the two “found areas where we are seeking further clarification,” but added that talks with the Treasury secretary would continue.
The House is expected to vote on its slimmed down $2.2 billion aid proposal later Thursday, though the legislation has little chance of passing in the Senate.