Americans are gaining equity futures as another vaccine approval joins the fight against Coronavirus.
Major futures indices suggest a 0.3% increase when trading starts on Wall Street.
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Britain on Wednesday became the first country in the world to approve a coronovirus vaccine developed by Oxford University and AstraZeneca as it fights a major winter surge driven by a new, highly contagious version of the virus, Reuters reported.
On the economic dock, the Institute for Supply Management is with its Chicago Purchasing Managers Index for December. The gauge, closely watched by Midwest business activity, is projected to reach a reed of 57, down from 58.2 in January to line up for the third month. Remember that 50 is the dividing line between expansion and contraction.
The National Association of Realtors is out with its index of pending home sales for November. Economists are not expecting any change from October’s reading of 128.9. For reference, the August level was the highest at a record 132.9. A sale is pending when a contract to purchase a previously owned home has been signed and is awaiting completion.
In Europe, London’s FTSE gained 0.2%, Germany’s DAX rose 0.1% and France’s CAC gained 0.1%.
In Asia, Japan’s Nikkei 225 fell 0.5% to 27,444.17, a day after it rose more than 2% to a high of over 30%. Japanese markets will be closed on Thursday through the end of the week, reopening on January 4.
Hong Kong’s HangSeng rose 2.2%, while China’s Shanghai Composite Index rose 1.1%.
The S&P 500 lost 0.2% the day after President Trump signed a $ 900 billion economic relief package that was noted by the leading index at its latest all-time high.
|The anchor||Security||last||Change||Change %|
|Me: DJI||Dow jones average||30335.67||-68.30||-0.22%|
|Me: comp||NASDAQ Composite Index||12850.221074||-49.20||-0.38%|
Trump’s attempt to obtain a $ 2,000 COVID-19 relief check for individuals has stalled in the Republican-led Senate. For now, the $ 600 check is scheduled to be distributed among the largest rescue packages of its kind, with other assistance.
The S&P 500 fell 8.32 points to close at 3,727.04. The Dow Jones Industrial Average fell 0.2% to 30,335.67. The tech-heavy Nasdaq slipped 0.4% to 12,850.22.
With two days trading in 2020, the S&P 500 is up 15.4% this year, while the Nasdaq is up 43.2%.
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US benchmark crude oil rose 33 cents to $ 33.33 a barrel on the New York Mercantile Exchange. It rose 38 cents to $ 48.00 a barrel on Tuesday. Brent crude rose 25 cents to $ 51.34 per barrel internationally.
The Associated Press contributed to this report.