Futures held steady at the start of the overnight session as investors hoped to extend the S&P 500's gains after it returned to positive territory.
The S&P 500 leaped 1.2%, or 38.46 points, to 3,232.39 during Monday's regular session and turned positive for the year in a quick about-face following the springtime fears over the virus. The broad market index is now more than 47% off its March low. At one point this year, the S&P 500 was down more than 30% from its all-time highs. It's now positive for 2020 by 0.05%.
Traders say the market's hot streak over the last two months is in large part thanks to confidence about the reopening of the U.S. economy and a barrage of government stimulus. Market optimists pointed to improving economic signals for the most recent rallies, including the government's far-better-than-expected jobs report last week. The Labor Department said Friday. Economists polled by Dow Jones had forecast a drop of more than 8 million.
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