Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Boeing, Pfizer, Lowe's: What to Watch When the Stock Market Opens Today

11/18/2020 | 09:16am EST

By Jem Bartholomew

Here's what we are watching as markets kick into gear Wednesday.

-- Pfizer and BioNTech said they would seek authorization for use of their Covid-19 vaccine within days after it appeared 95% effective in final trial results and showed signs of being safe. Pfizer shares rose 2.9% premarket and BioNTech's U.S.-listed ADR jumped almost 6%.

-- Their performance beat the rest of the market as stock futures edged higher, with investors weighing the risks to the economy from rising coronavirus-infection levels against the prospect of vaccines that could halt the pandemic.

-- Futures tied to the S&P 500 ticked up 0.2%, with contracts linked to the Dow Jones Industrial Average gaining 0.3% and the Nasdaq-100 edging up 0.1%. Wall Street's fear gauge dropped, with the CBOE Volatility Index down more than 3%. Read our full market wrap here.

-- What's coming up. Jack in the Box, L Brands and Nvidia are expected to report quarterly earnings after the closing bell.

Market Movers to Watch

-- Boeing jumped 6.2% ahead of the opening bell after the Federal Aviation Administration approved the airline's 737 MAX jets for passenger flights again after dual crashes took 346 lives, helping to resolve the plane maker's biggest pre-pandemic crisis.

-- TJX climbed 3.5% ahead of the bell after posting quarterly sales that beat analysts' predictions.

-- Lordstown Motors advanced over 5% premarket, building on Tuesday's gains of 9.5% after the electric-vehicle maker said production of its electric pickup truck Endurance is on track to begin deliveries by September 2021.

-- NIO's U.S.-listed ADR dropped around 1.3% premarket despite the Chinese electric vehicle company reporting its sales more than doubled in the latest quarter. Our Heard on the Street colleagues warn NIO's stock has been accelerating too fast.

-- Bitcoin extended its recent climb to punch above $18,000 intermittently Wednesday.

-- Lowe's Companies dropped almost 7% premarket despite the home-improvement retailer posting third-quarter sales that beat Wall Street's expectations.

-- Target gained 1.9% before the bell after the company said comparable sales, those from stores or digital channels operating for at least 12 months, increased 20.7% in the quarter ended Oct. 31.

-- Tesla kept climbing by 1.7% offhours. The electric-car maker gained 8.2% Tuesday after news that it will be added to the benchmark S&P 500 index on Dec. 21.

Must Reads Since You Went to Bed

The Man at the Center of Wirecard's Deal Machine

Apple, Under Antitrust Scrutiny, Halves App Store Fee for Smaller Developers

Market's Vaccine Euphoria Was Bad News for Momentum Funds

Canadian-Danish Group Strikes $9.6 Billion Deal for U.K. Insurer RSA

Investors Bet Economic Recovery Won't Spark Jump in Inflation

JD.com Boss Gets Big Options Awards Ahead of Unit Listing

(END) Dow Jones Newswires

11-18-20 0915ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.77% 142.06 Delayed Quote.7.71%
BIONTECH SE -0.30% 105.97 Delayed Quote.30.39%
BITCOIN - EURO -6.46% 24975.965 Real-time Quote.12.92%
BITCOIN - UNITED STATES DOLLAR -6.94% 30217.71 Real-time Quote.12.01%
DJ INDUSTRIAL -2.05% 30303.17 Delayed Quote.1.16%
L BRANDS, INC. -12.70% 37.54 Delayed Quote.15.62%
LORDSTOWN MOTORS CORP. -1.47% 26.06 Delayed Quote.31.85%
LOWE'S COMPANIES, INC. -3.45% 167.71 Delayed Quote.8.22%
NASDAQ 100 -2.80% 13112.649836 Delayed Quote.4.62%
NASDAQ COMP. -2.61% 13270.597569 Delayed Quote.5.08%
NIO LIMITED -5.24% 57.15 Delayed Quote.23.74%
NVIDIA CORPORATION -3.85% 516.71 Delayed Quote.2.91%
PFIZER INC. -2.87% 36.24 Delayed Quote.1.36%
S&P 500 -2.57% 3750.77 Delayed Quote.2.49%
TESLA, INC. -2.14% 864.16 Delayed Quote.25.14%
THE BOEING COMPANY -3.97% 194.03 Delayed Quote.-5.00%
THE TJX COMPANIES -0.84% 63.93 Delayed Quote.-5.59%
Latest news "Economy & Forex"
05:57pFACTBOX : Stocks shunned by Wall Street surge as 'GameStop Effect' snowballs
05:53pCommunications Services Down As Investors Retreat From Growth Sectors -- Communications Services Roundup
05:50pTech Down Amid Mega Cap Earnings Nerves -- Tech Roundup
05:49pApple sees revenue growth accelerating after setting record for iPhone sales, China strength
05:48pFinancials Down As Wall Street Watches Day Traders Battle Hedge Funds -- Financials Roundup
05:47pFed Holds Policy Steady as Economy Stumbles -- 4th Update
05:46pConsumer Cos Down Amid Erratic Trading Of GameStop Shares -- Consumer Roundup
05:36pHealth Care Down On Risk Aversion -- Health Care Roundup
05:30pIndustrials Down After Fed Comments, Boeing Earnings -- Industrials Roundup
05:26pFACEBOOK : scores earnings beat on retailer advertising; Apple privacy changes loom
Latest news "Economy & Forex"