Stock market rally fades after US Capitol siege – business live

Wall Street is expected to open higher as markets are hopeful that a Democrat-controlled Senate will pass more economic stimulus measures. US Congress certified Joe Biden’s election victory, hours after hundreds of Donald Trump’s supporters stormed the Capitol and halted the process.

Dow Jones futures are up 117 points, or 0.38%, while S&P futures are 21.5 points ahead, a 0.57% gain, and Nasdaq futures rose 104.5 points, or 0.83%.

Separate US trade data show the country’s trade deficit rose more than expected to $68.1bn in November from $63.1bn in October. The deficit with China was little changed at $30.68bn.

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