Dow futures climb 300 points as Fed’s Powell says don’t ‘bet against American economy’— even as unemployment could rise to 25%

U.S. stock-index futures point to gains for stocks at Monday’s open as Federal Reserve Chairman Jerome Powell said that Americans need to prepare for a tough road ahead in the aftermath of the COVID-19 pandemic but said he wouldn’t bet against the domestic economy’s ability to persevere through the most significant public-health crisis in more than a century.