Dow Futures, Global Stock Rally on Coronovirus Vaccine Hopes

Wednesday Market Minute

  • Global stock rally on coronovirus vaccine progress, but US-China tensions escalate in Czech.
  • Modern says the mRNA-1273 vaccine trial triggers the antibody response in all 45 participants, opening the door for a comprehensive study.
  • President Donald Trump ended Hong Kong’s special status by inciting retaliation threats from China.
  • US bank earnings on Wednesday came after JPMorgan and Citigroup expected stronger reports than on Tuesday.
  • According to API data and the weakening US dollar, domestic crude oil stocks spiked after a larger fall than the 8.3 million barrels expected.
  • US Equity Future suggests a strong opening on Wall Street following second-quarter earnings from United Street, Goldman Sachs and US Bancorp.

US equity futures extended gains on Wednesday, while the dollar fell to a one-month low against its global currency peers as investors progressed on an experimental coronavirus vaccine, keeping a close eye on the sudden escalating political tensions between Washington and Beijing. Reacted to.

Modern Inc. (mRNA) – Get Report Late Tuesday, its mRNA-1273 coronavirus vaccine candidate triggered antibody responses – with some mild side effects – in all of the 45 patients included in the initial, peer-reviewed study.