A trader works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., December 1, 2017. REUTERS/Brendan McDermid
December 4, 2017
By Jessica Resnick-Ault
NEW YORK (Reuters) – U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday.
S&P 500 e-minis <EScv1> were up about 0.6 percent, Nasdaq 100 e-minis <NQcv1> were also up about 0.6 percent, and Dow e-minis <1YMcv1> up more than 0.7 percent.
Saturday’s Senate vote takes Republicans and President Donald Trump a big step closer to their goal of slashing taxes for businesses.
The gains should hold since they reflect the Senate passage of the tax bill, said Nicholas Colas, co-founder of DataTrek Research.
“We’re still on a short schedule – Congress has days to reconcile House and Senate bills,” Colas said. “But markets want to believe it will happen.”
(Reporting By Jessica Resnick-Ault; additional reporting by Megan Davies in New York; Editing by Mary Milliken)
