As the Government reached an important breakthrough in the major healthcare revamp bill by securing the decisive vote, which has paved the way for things to go much smoother than before, stocks across all major US markets are expected to open higher on Monday as compared to their Friday's closing points.
All main markets, the Dow Jones industrial average, Nasdaq-100 and S&P-500 futures, were higher Monday morning, and opened with higher points. After an intense session, stocks actually managed to close higher on Friday as compared to the day's opening figures, with technology shares bouncing back.
Peter Cardillo, Chief Market Economist for Avalon Partners, has shared that most of the optimism that is being pegged for Monday has come from the "healthcare bill, which had cleared a major hurdle and is going for a vote as early as Christmas Eve".
The Senate voted to end the fierce debate that was going on about the medical care legislation, which is being viewed as an important step toward the finalization of the controversial bill.
Futures for S&P and Nasdaq rose by 5.5 points to 1103.2 and 7.5 points to 1814.5 points, respectively.
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