Stock market live updates: Dow futures jump 200 points, vaccine hopes, Big Tech higher

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This is CNBC's live blog covering the latest market-moving news. Here's what's happening.

shares gained 8% after the companies were granted "fast track" status by the FDA for their work on potential Covid-19 vaccines.

"The FDA's decision to grant these two COVID-19 vaccine candidates Fast Track designation signifies an important milestone in the efforts to develop a safe and effective vaccine against SARS-CoV-2," said Peter Honig, Senior Vice President of Global Regulatory Affairs at Pfizer, in a statement.

 

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Lol vaccine hopes. Stop with the fake headlines. Stocks are up on fed liquidity and bull fever

pump stocks till Corona is gone or these markets hope that corona never ever is gonna be gone! Same as the tradedeal china

Isn’t this just another “spike the football” for the drug company? Someone needs a boost in their stock portfolios...ho hum.

Maybe, just maybe, the market doesn't trade on COVID, at all? Maybe it doesn't go up because 'vaccine' or down on 'virus fears'. This narrative is tired.

Of course, the same narrative everyday. I can't wait for this dumpster to crash so valuations are logical.

Vaccines not coming until Jan 2021. I’ve seen nothing that has led me to believe otherwise, a mass amount of people don’t trust vaccines as is. If one’s rushed to market, you think people are taking that en masse?

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