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Dow Futures Rise More Than 100 Points After Senate Passes $1 9 Trillion Covid Relief Bill

The tech-heavy benchmark closed more than 10% below its Feb.12 closing high, falling into correction territory. The Senate passed a $1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments. The Democrat-controlled House is expected to pass the bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14. Meanwhile, the Centers for Disease Control and Prevention said Monday people who ve been fully vaccinated against Covid-19 can meet safely indoors without masks, further boosting reopening hopes. The positive news boosted stocks banking on a strong economic recovery.

Dow Futures Jump 150 Points After Senate Passes $1 9 Trillion Covid Relief Bill

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