Stock futures surge, with Dow futures up 1100 points, after Pfizer vaccine news – MarketWatch

U.S. stock futures extended what already were strong gains, following the news that the vaccine being developed by Pfizer PFE, +8.13% and BioNTech BNTX, +9.55% was more than 90% effective in preventing COVID-19. Futures on the Dow Jones Industrial Average YM00, +3.97% leapt 1,116 points, and those on the S&P 500 ES00, +2.72% rose more than 3%. Markets already were pointing to strong gains due to the removal of uncertainty after former Vice President Joe Biden declared victory.

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