What to Watch When the Stock Market Opens Today – The Wall Street Journal


Here’s what we are watching as markets kick into gear Monday.

Stock futures surged, with the Dow poised to open almost 1,800 points higher. That would take the blue-chips gauge just short of the 30,000-point milestone. Progress toward a crucial Covid-19 vaccine gave markets fresh impetus at the start of the week. Read our full market wrap here.

What’s coming up. Cleveland Fed President Loretta Mester will speak at a virtual Philadelphia Fed fintech conference at 1:30 p.m. ET. China’s consumer- and producer-price indexes for October are due out at 8:30 p.m.

Market Movers to Watch

Pfizer surged over 12% and BioNTech ‘s ADRs rose 24% in offhours trading. The drugmakers’ Covid-19 vaccine candidate proved better than expected at protecting people from Covid-19 in a pivotal study.Airlines and travel stocks surged higher on the vaccine news, which marks a milestone in the hunt for shots that can stop the global pandemic. United Airlines Holdings , Delta Air Lines and Southwest Airlines all jumped over 15%. Royal Caribbean Group and Lyft were also among the biggest winners in early trading.

McDonald’s advanced almost 5% premarket after reporting third-quarter earnings that surpassed Wall Street’s expectations.


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