Stock market live updates: Futures drop, new U.K. Covid strain, stimulus finally passed

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Stock market live updates: Futures drop, new U.K. Covid strain, stimulus finally passed
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This is CNBC's markets live blog that will be updated throughout the day.

U.S. equities were on track to open sharply lower amid investor fear about a new viral Covid strain in the U.K. Investor fears about Europe offset excitement about lawmakers reaching an agreement on a $900 billion relief package.

Tesla joins the S&P 500 on Monday.
 

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