While Vaccine Hopes Dominate Monday, Rest Of Week Has Retail Earnings In Focus
Auto racing returned over the weekend, but that isn’t the only reason the market looks like it could be off to a fast start Monday. Focus ahead of the opening bell turned toward bullish hopes around reopenings and possible progress on the vaccine front. Overseas markets rose across the board and U.S. index futures saw strength overnight, extending their gains on positive results from a Phase 1 Covid-19 vaccine made by Moderna (MRNA). Shares of that company leapt 27% in pre-market trading. It’s exciting to see data like this but it’s still very early in the process, so people might want to avoid getting carried away. Let’s hope future results continue to look this good. A vaccine would be huge news and these data are an incredibly positive sign, but that doesn’t mean this crisis would necessarily be over. It could also take a while before any vaccine is ready. Read more at Forbes.
