U.S. stock futures rose in early trading as investors braced for another tumultuous week as U.S. President Donald Trump’s diagnosis of new pneumonia and hospitalization added more uncertainty to the outlook for the market before the U.S. election. As of the end of the day, Dow futures were up 134.5 points, or 0.49 per cent, at 27,697.5, S.P. 500 futures were up 11 points, or 0.33 per cent, at 3,355.75 and Nasdaq 100 futures were up 53.25 points, or 0.47 per cent, at 11,305.25.
On the morning of April 4, a medical team led by White House Doctor Sean Conley held a second briefing at Walter Reed Medical Center to update Mr. Trump on the situation, the Globe reported, citing CNN. Conley said President Trump’s condition is “continuing to improve, ” but like all diseases, there will always be a bit of a repetition.
Dr. Brian Garibaldi, a member of the medical team, said the president could be discharged as early as Monday local time.
Joe Biden has the biggest lead in a month in the presidential race with 51 percent of the vote after Trump’s diagnosis, according to a Reuters/Ipsos poll released Sunday.
If the former vice president wins November’s election, some analysts think it could cause wall Wall Street more trouble, such as tax increases and tighter regulation, but others say it could lead to a bigger fiscal stimulus deal that would benefit the stock market.
Mr. Trump’s illness and a weak jobs report in September underscored the urgency of further coronavirus stimulus measures after months of stalemate in Washington.
Optimism for a compromise rose after House Speaker Nancy Pelosi said Friday that progress had been made. “We will continue to draft texts to move quickly to reach an agreement,” Pelosi said. “
Mr. Trump pressed Congress on Saturday to pass a deal, tweeting that lawmakers should “work together to get it done.”
Despite mr. Trump’s shock news, all three major U.S. stock indexes recorded gains last week, with the Dow up 1.9 percent for the week, the S.P. 500 up 1.5 percent and the Nasdaq up 1.5 percent.