قالب وردپرس درنا توس
Home / Business / Dow futures are declining as markets remain focused on incentives

Dow futures are declining as markets remain focused on incentives



Friday market moment

  • Global stocks are mixed as markets continue to focus on the alarming rise in coronavirus infection in Europe and the lack of a new financial stimulus agreement from Washington.
  • U.S. stocks will try to break the three-day losing streak as lawmakers bargain for a new bill to help with coronavirus, but hopes for a campaign deal fade amid Republican struggles.
  • The World Health Organization says that Gilead Sciences’ coronavirus treatment, remdezivir, had little effect on patients in a study of more than 11,000 patients.
  • Wall Street futures are jumping higher since the first bell, after clearer than expected retail sales in September and optimistic timing of Pfizer vaccine development.

US stock futures rose higher on Friday after Pfizer Inc. (PFE) ̵

1; Get a report stated that it may be ready to apply for approval in an emergency of its coronavirus vaccine under development as early as next month.

An optimistic schedule could help Wall Street break a three-day losing streak as many of the pressures on markets this week, from rising coronavirus infection to fading hopes for a stimulus deal, continue to dampen investor sentiment.

Shares were also driven by stronger-than-expected retail sales in September, up 1.9% year-on-year against the consensus Street forecast of 0.7%.




Source link