Dow Jones Industrial Average futures were up by 101 points, or 0.3%. S&P 500 futures traded 0.5% higher and Nasdaq 100 futures advanced 0.6%.
Those moves came as traders piled into beaten-down value names at the expense of high-flying growth stocks amid positive vaccine news. The iShares Russell 1000 Value exchange-traded fund rallied 5.7% last week while its growth counterpart, the iShares Russell 1000 Growth ETF slid 1.2%. "The announcement of an effective Covid-19 vaccine by Pfizer/BioNTech last week was so important that we almost forget that there has just been a US presidential election," TS Lombard analysts Steven Blitz and Andrea Andrea Cicione wrote in a note.
To be sure, the number of coronavirus cases are still rising, thus threatening the prospects of a swift economic recovery.
You call 1% nasdaq slightly?! How stupid can CNBC be?
Sell before the rest do , RESET COMING!
RAlly of christmas jp morgan ad golamn big manipulators
Gap up basead on nothing 👌
Its been 2 weeks with the markets going way up. They are loving the election results