U.S. stocks rose on Monday as investors hoped for a stimulus deal from Washington, although a rising number of Covid-19 cases dampened sentiment.
The Dow Jones Industrial Average traded 30 points higher, or 0.1%, while the S&P 500 gained 0.2% and the Nasdaq Composite climbed 0.3%.
House Speaker Nancy Pelosi’s office said over the weekend that she is giving the Trump administration 48 hours to reach an aid deal before the Nov. 3 election. Pelosi and Treasury Secretary Steven Mnuchin continued their discussions on Saturday. They agreed to speak again on Monday.
