Dow Jones futures, along with S&P 500 futures, were slightly higher early Wednesday, while Nasdaq 100 futures were lower as the United Kingdom began to roll out Pfizer's coronavirus vaccine. Dow Jones leader Apple is approaching another early buy point, while Tesla raced to all-time highs despite a $5 billion share offering.
Stock leaders Chipotle Mexican Grill, DraftKings, PayPal and Twilio are in or near new buy zones in the current stock market rally.
The Dow Jones Industrial Average advanced 0.35%, or 104 points. The S&P 500 rallied 0.3%, while the tech-heavy Nasdaq composite moved up 0.5%. The Dow Jones Industrial Average, Nasdaq and S&P 500 notched all-time highs.
Among the Dow Jones leaders, Apple (AAPL) rose 0.5% and Microsoft (MSFT) advanced 0.8%. Tesla (TSLA) reversed from early losses to rally 1.3%, setting a record high. The electric-car maker announced a plan to raise $5 billion in a share offering.
Stocks in or near buy zones in the stock market rally are Chipotle Mexican Grill (CMG), DraftKings (DKNG), PayPal (PYPL) and Twilio (TWLO)
Apple, Microsoft and Tesla are IBD Leaderboard stocks. DraftKings is a new IBD SwingTrader idea. Chipotle was Monday's IBD Stock Of The Day, while PayPal and Twilio are featured in this week's Stocks Near A Buy Zone column.
Dow Jones Futures Today: Coronavirus Vaccine
Early Wednesday, Dow Jones futures moved up 0.25% vs. fair value, while S&P 500 futures rose 0.15%. Nasdaq 100 futures fell 0.1% vs. fair value. Remember that trading in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
On Tuesday, the U.K. began its rollout of Pfizer (PFE)'s coronavirus vaccine. The vaccine will be prioritized to front-line health workers, nursing-home workers and those age 80 or older. Then it will be available to the remainder of the U.K. population.
Early Tuesday, the Food and Drug Administration said Pfizer's coronavirus vaccine did not raise any specific safety concerns, noting the vaccine was "highly effective in reducing the risk of Covid-19 and severe Covid-19 after Dose 1." The comments came in documents posted on the FDA website. The advisory meeting will be held Thursday to review Pfizer's coronavirus vaccine.
Pfizer shares rallied more than 3% Tuesday.
Among exchange traded funds, Innovator IBD 50 (FFTY) rose 0.8% Tuesday. The Nasdaq 100-linked Invesco QQQ Trust ETF (QQQ) traded up 0.3%. Meanwhile, the SPDR S&P 500 ETF (SPY) climbed 0.3%.
Amid the coronavirus stock market rally, the tech-heavy Nasdaq is up 40.2% for the year through Tuesday's close. The S&P 500 is up 14.6%, while the DJIA is up 5.7% year to date, through the Dec. 8 close.
