S&P 500 Index Futures Market News and Commentary
The S&P 500 Index ($SPX) on Monday closed up +0.56%, the Dow Jones Industrials Index ($DOWI) closed up +1.12%, and the Nasdaq 100 Index ($IUXX) was unchanged.
U.S. stock indexes on Monday settled mostly higher. Positive Covid vaccine news led the overall market higher Monday on hopes that economic activity will recover after a Covid vaccine becomes widely available. Stocks also found support on better-than-expected economic data. Weakness in technology stocks, however, undercut the Nasdaq 100, which settled unchanged.
The broader U.S. stock market on Monday pushed higher on news of progress on a Covid vaccine and a treatment for the virus. Moderna rose more than +2% Monday after Moncef Saoui, head of the U.S. Operation Warp Speed, said on Sunday that U.S. Covid vaccinations would "hopefully" start in less than three weeks. The U.S. Food and Drug Administration (FDA) is scheduled to meet on Dec 10 to discuss emergency use authorizations for Pfizer's an... Read more