Coronavirus, Covid-19 Aid Bill, Microsoft – 5 Things You Must Know

Here are five things you must know for Tuesday, Sept. 29:

1. — Stock Futures Mixed as Virus Deaths Top 1 Million 

Stock futures turned mixed Tuesday as the global death toll from the coronavirus pandemic passed 1 million and investors assessed a fresh $2.2 trillion aid proposal from House Democrats.

Wall Street also was looking ahead to the first presidential debate Tuesday evening between U.S. President Donald Trump and Democratic candidate Joe Biden.

Contracts linked to the Dow Jones Industrial Average rose 7 points, S&P 500 futures were up 2 points and Nasdaq futures declined 10 points.

Stocks finished sharply higher Monday as equities came off a four-week losing streak. The Dow gained 410 points, or 1.51%, to close at 27,584, the S&P 500 rose 1.61% and the Nasdaq rose 1.87%. 

The scaled back $2.2 trillion coronavirus relief package released by House Democrats Monday evening would restore $600 weekly jobless benefits. The proposal is less than the $3.4 billion bill passed by the House in May, but remains above what Senate Republicans have said they would accept.

A vote on the legislation could come later this week. House Speaker Nancy Pelosi spoke with Treasury Secretary Steven Mnuchin Monday evening and the two agreed to talk again Tuesday. Negotiations over  Covid-19 relief have been at a stalemate since early August.

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