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US Index Futures Rise In Hopes Of Creating A COVID Vaccine

US Index Futures Rise In Hopes Of Creating A COVID Vaccine

Futures on major us stock indexes are rising on Friday amid continuing hopes for economic recovery after the appearance of a vaccine that will slow the spread of the coronavirus, according to trading data.

Dow Jones Industrial Average (DJIA) futures increased by 0.21% to 29,890 points, the NASDAQ high — tech index - by 0.34% to 12,194 points, and the S&P 500 broad market index futures - by 0.17% to 3,633.62 points.

The rise in futures signals that US markets may end the week on an upbeat note, with major indexes approaching historic highs. Trading on the US stock exchanges on Thursday was not held in connection with the national holiday, Thanksgiving Day. On Friday, the US stock markets will have a shortened trading day.

Traders in the United States still hold out hope that a coronavirus vaccine will be developed soon, which will eventually support the global economic recovery. During November, AstraZeneca, Moderna, Pfizer, and BioNTech reported on progress in developing coronavirus vaccines.

At the same time, traders continue to worry about the spread of coronavirus in the United States. According to Johns Hopkins University on Thursday, more than 181 thousand new cases of coronavirus infection were detected in the United States over the past day, almost 2.3 thousand people died.

"In the US, there are still many cases (of infection) and restrictions: a significant part of the activity may stop again. That will potentially have an impact on the next statistics on the labor market," Samy Chaar, chief economist at Lombard Odier, told the Wall Street Journal, referring to the labor market data for November, which will be published on December 4. According to current forecasts, unemployment in the country fell to 6.8% from 6.9%, and the number of jobs in the non-agricultural sector of the country increased by 520 thousand after an increase of 638 thousand a month earlier.

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