The Dow Is Rising. Google Stock Holds Its Ground.

Stocks were rising Monday as Congress moves closer to implementing a final economic-stimulus bill.

Futures on the Dow Jones Industrial Average rose 250 points, or 0.8%. Futures on the S&P 500 rose 0.8% as well, while the tech-heavy Nasdaq Composite was poised to open up 0.6% despite news of a wide-reaching outage of Google services. Shares of Alphabet (GOOGL), Google’s parent company, were marginally lower.

Congress is making another push at completing a more than $908 billion stimulus bill. After investors had grown optimistic in November that a deal would get done soon, stocks took a breathe, moving down as Democrats and Republicans in Congress squabbled over details. Democrats wanted more state and local finding and Republicans wanted more small business liability protection.

The S&P 500 fell about 1% between Dec. 4, the date stocks began that pause and the close of trading on Friday. Now, data showing the economic recovery is weakening has put pressure on Congress to move faster on the legislation.

Here were notable stock movers Monday:

McDonald’s (MCD) was up 1% after UBS upgraded the stock to Buy from Neutral and raised its price target to $240 from $230.

Nutanix (NTNX) rose 3% after Oppenheimer upgraded the stock to Outperform from Perform.

Clorox (CLX) gained 1% after Citigorup upgraded the stock to Buy from Neutral and life its price target to $249 from $238.

Shares of newly public DoorDash (DASH) fell 2% after a pop on its trading debut and a downgrade from D.A. Davidson to Neutral from Buy.

Novavax (NVAX) shares rose 3.5% after Jefferies initiated coverage with a Buy rating and $200 price target.

Write to Jacob Sonenshine at jacob.sonenshine@barrons.com