Stock futures today August 24, 2020
August 24, 2020
Stock futures today
At 8:54 AM, ET time today the stock futures jump and point to a higher open for the US stock market today. This is backed by news related to the Covid-19 vaccine, and treatment hopes.
S&P Futures: 3,420.50,+28.00(+0.83%)
Dow Futures: 28,123.00,+264.00(+0.95%)
Nasdaq Futures: 11,681.25,+119.25(+1.03%)
Russell 2000 Futures: 1,565.20, +16.60(+1.07%)
Stock market data: Yahoo Finance
Stock market news
“Stock futures rose Monday morning, setting stocks up to add to last week’s record levels as market participants reacted to positive developments over a coronavirus treatment, and signs that a vaccine might be authorized in the near-term.
Travel, airline and other “reopening” stocks rallied, with shares of American Airlines (AAL), Norwegian Cruise Line Holdings (NCLH), Wynn Resorts (WYNN) and their peers each jumping in pre-market trading.
The U.S. Food and Drug Administration (FDA) on Sunday said it issued an emergency use authorization for investigational convalescent plasma to treat Covid-19 in hospitalized patients. While the treatment has not yet undergone full clinical trials, the FDA said that it deemed that the data so far suggest “product may be effective in treating Covid-19 and that the known and potential benefits of the product outweigh the known and potential risks of the product.”