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The Dow Futures Edge Lower As Markets Remain Focused on Stimulus

The Friday Market Minute

  • Global stocks mixed as markets continued to focus on the worrying increase in coronavirus infections in Europe and the lack of a new deal on fiscal stimulus from Washington.
  • US stocks will try to seize the three-day tire loss as lawmakers discuss a new bill with the help of the coronavirus, but hopes of a preliminary election agreement are lost amid the battle of Republican.
  • The World Health Organization says Gilead Science’s coronavirus treatment, remdesivir, has little effect on patients in a trial of more than 11,000 patients.
  • Wall Street futures jumped higher toward the opening bell after a stronger-than-expected reading of retail sales in September and an optimistic for Pfizer vaccine development.

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

1; Get Report said it may be ready to apply for emergency approval using its coronavirus vaccine development starting next month.

The optimistic timeline could help Wall Street snap a three-day tire loss as many of the concerns plagued markets this week, from rising coronavirus infections to extinction. hope of a stimulus agreement, continues to dull the feelings of investors.

Stocks were also boosted by a stronger-than-expected reading of September retail sales, up 1.9% since last year against the Street consensus forecast of a 0.7% gain.

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