Boeing, Pfizer, Lowe's: What to Watch When the Stock Market Opens Today

Here's what we are watching as markets kick into gear Wednesday.

-- Stock futures edged higher as investors weighed the risks to the economy from rising coronavirus-infection levels against the prospect of vaccines that could halt the pandemic. Futures tied to the S&P 500 ticked up 0.2%, while contracts linked to the Dow Jones Industrial Average and the Nasdaq-100 also posted muted gains. Read our full market wrap here.

-- What's coming up. TJX Companies (TJX) is due to release earnings this morning, while Nvidia (NVDA) is expected to report after the market closes.

Market Movers to Watch

-- Boeing (BA) jumped 5.1% ahead of the opening bell after the Federal Aviation Administration approved the airline's 737 MAX jets for passenger flights again after dual crashes took 346 lives.

-- Pfizer climbed 1.8% and BioNTech's U.S.-listed ADR surged almost 8% after the companies said they would seek authorization within days after their Covid-19 vaccine appeared 95% effective in final trial results and showed signs of being safe.

-- Lordstown Motors (RIDE) advanced almost 11% premarket, building on Tuesday's gains of 9.5% after the electric-vehicle maker said production of its electric pickup truck Endurance is on track to begin deliveries by September 2021.

-- Lowe's Companies (LOW) dropped over 7% premarket despite the company posting third-quarter sales that beat Wall Street's expectations.

-- Target gained 1% before the bell after the company said comparable sales, those from stores or digital channels operating for at least 12 months, increased 20.7% in the quarter ended Oct. 31.

-- Tesla kept climbing by 3% offhours. The electric-car maker gained 8.2% Tuesday after news that it will be added to the benchmark S&P 500 index on Dec. 21.

-- NIO's U.S.-listed ADR gained 3.7% premarket after the Chinese electric vehicle company said its sales more than doubled in the latest quarter.

Must Reads Since You Went to Bed

The Man at the Center of Wirecard's Deal Machine

Apple, Under Antitrust Scrutiny, Halves App Store Fee for Smaller Developers

Market's Vaccine Euphoria Was Bad News for Momentum Funds

Canadian-Danish Group Strikes $9.6 Billion Deal for U.K. Insurer RSA

Investors Bet Economic Recovery Won't Spark Jump in Inflation

JD.com Boss Gets Big Options Awards Ahead of Unit Listing

  (END) Dow Jones Newswires
  11-18-20 0725ET
  Copyright (c) 2020 Dow Jones & Company, Inc.