US STOCKS-Futures rise on vaccine bets; Boeing jumps
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* Futures up: Dow 0.4%, S&P 0.3%, Nasdaq 0.1%
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The planemaker's shares jumped about 6% in early
trading after the U.S. Federal Aviation Administration chief
Meanwhile, Pfizer Inc (PFE) said it would apply for emergency U.S. authorization of its COVID-19 vaccine within days and disclosed final results from a late-stage trial that showed it was 95% effective. The company's shares rose 3%.
The announcement comes after Moderna Inc (MRNA) on Monday released preliminary data for its COVID-19 vaccine, showing similar effectiveness.
At
"Whilst it doesn't mean much for today (unlike last Monday),
it does underscore the fact that we are heading into a much
brighter 2021 and whilst temporary lockdowns need to be endured,
the back-to-normal trade is still 'on'," said
The benchmark S&P 500 and the blue-chip Dow retreated from all-time highs on Tuesday as glum U.S. retail sales data, as well as the specter of fresh restrictions dampened demand for risky assets.
The number of reported global daily deaths from the
coronavirus stood at its highest ever on Tuesday, as
Among other stocks, Target Corp (TGT) rose 2.4% after the retailer beat expectations for quarterly profit and sales, helped by its quick delivery services.
Beyond Meat Inc (BYND) gained 1.3% after the faux meat
maker launched plant-based minced pork in
(Reporting by