NEW YORK (AP) — An extension of tax cuts for all Americans is giving stocks a lift.
All three major indexes are set to rise Monday after President Barack Obama signed a $858 billion package Friday renewing tax cuts for another two years and extending expiring unemployment benefits through next year.
The package is expected to boost economic growth, although critics say it will unnecessarily increase the federal budget deficit.
Ahead of the opening bell, Dow Jones industrial average futures are up 35, or 0.3 percent, to 11,465. S&P 500 futures are up 5, or 0.4 percent, to 1,243. Nasdaq 100 futures are up 11, or 0.5, to 2,224.
Bond prices are rising, sending yields lower. The dollar is down less than 0.1 percent against an index of six other currencies.
