CLOSE

Stocks have mostly shrugged off news that President Donald Trump tested positive for COVID-19. Markets started down, but had recovered by midday trading. (Oct. 2)

AP Domestic

Stock futures rose more than 100 points Sunday after reports that President Trump continued to improve over the weekend in his battle against COVID-19 and could be discharged from the hospital as early as Monday.

Dow Jones industrial average futures were up about 140 points while Standard & Poor’s 500 futures rose about 17 points early Sunday evening as both indices advanced nearly half a percentage point. Futures trading attempts to predict how the market will move when it opens the next trading day.

“It’s a sigh of relief regarding the health President Trump,” says Ryan Detrick, chief market strategist for LPL Financial.

The Dow tumbled more than 400 points in early trading Friday on news of Trump’s diagnosis but pared those