Stock futures rise as Pelosi, Mnuchin work toward stimulus deal - CNBC

stock futures rose on Monday evening ahead of a deadline for a new fiscal stimulus deal from Washington.

Futures contracts for the Dow Jones Industrial Average gained 130 points, while those for the S&P 500 and Nasdaq 100 rose 0.5% and 0.6%.

The stock market suffered a broad decline during Monday's session, with the Dow shedding 410 points and the S&P 500 and Nasdaq Composite both losing just over 1.6%.

"We don't believe that the new business cycle necessarily will be deterred if a stimulus deal doesn't get done, but we do believe, if a stimulus deal on the fiscal side gets done, that will help propel the economy into that new business cycle a lot quicker than what we expect so far," Smith said.

Global Business and Financial News, Stock Quotes, and Market Data and Analysis