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Dow futures jump 200 points after Moderna says its vaccine produces antibodies to coronavirus

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Stock futures climbed higher in overnight trading on Tuesday after Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hope for a faster economic recovery.

Futures on the Dow Jones Industrial Average jumped 250 points, pointing to a 220-point gain at Wednesday’s open. The S&P 500 futures and the Nasdaq 100 futures rose 0.5% and 0.3%, respectively.

Biotech Moderna‘s potential vaccine to prevent Covid-19 produced a “robust” immune response, or neutralizing antibodies, in all 45 patients in its early stage human trial, according to newly released data published Tuesday evening in the peer-reviewed New England Journal of Medicine.

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Source cnbc.com

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