The moves in futures followed a solid week for Wall Street that saw the 30-stock Dow post its best weekly performance since April.
reported positive development on its vaccine trial where all 45 participants had developed coronavirus antibodies.
The moves in stock futures followed a solid week for Wall Street that saw the 30-stock Dow rise 3.3%, posting its best weekly performance since April. The S&P 500 and Nasdaq also climbed more than 3% last week.cases in the U.S. topped more than 1.6 million as deaths rose to more than 97,000, a tally from Johns Hopkins University showed as of Monday. Many states have taken steps in recent weeks to lift lockdown measures that curbed the spread of the disease.
Meanwhile, investors kept an eye on the U.S.-China tensions, which showed signs of escalation over the weekend. White House National Security Advisor Robert O'Brien said Sundayif Beijing implements national security law that would give it greater control over autonomous Hong Kong. "Next month we will know Bank stress test results; whether oil prices are a bounce or something more sustained; and if we have moved out of COVID season or into a second wave," Christopher Harvey, Wells Fargo's head of equity strategy, said in a note. "If things break positively, we would expect to see a healthy rotation toward cyclicals, smaller caps, and value stocks."for exclusive insights and analysis, and live business day programming from around the world.
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