Stock futures climbed higher in overnight trading on Tuesday after Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hope for a faster economic recovery.
Futures on the Dow Jones Industrial Average jumped 265 points, pointing to a roughly 240-point gain at Wednesday™s open. S&P 500 futures and the Nasdaq 100 futures also pointed to a positive Wednesday start for the two indexes.
Biotech Moderna™s potential vaccine to prevent Covid-19 produced a œrobust immune response, or neutralizing antibodies, in all 45 patients in its early stage human trial, according to newly released data published Tuesday evening in the peer-reviewed New England Journal of Medicine.
Shares of Moderna surged more than 16% in after-hours trading on Tuesday. Stocks directly tied to an economic reopening jumped following the vaccine news. American Airlines, United Airlines, Royal Caribbean Cruise all popped more than 4% each in extended trading.
Source : CNBC
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