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

By Jem Bartholomew 

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

-- Stock futures edged higher as investors weighed 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%, while contracts linked to the Dow Jones Industrial Average and the Nasdaq-100 also posted muted gains. Read our full market wrap here.

-- What's coming up. TJX Companies is due to release earnings this morning, while Nvidia is expected to report after the market closes.

Market Movers to Watch

-- Boeing jumped 5.1% 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.

-- Pfizer climbed 1.8% and BioNTech's U.S.-listed ADR surged almost 8% after the companies said they would seek authorization within days after their Covid-19 vaccine appeared 95% effective in final trial results and showed signs of being safe.

-- Lordstown Motors advanced almost 11% 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.

-- Lowe's Companies dropped over 7% premarket despite the company posting third-quarter sales that beat Wall Street's expectations.

-- Target gained 1% 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 3% 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.

-- NIO's U.S.-listed ADR gained 3.7% premarket after the Chinese electric vehicle company said its sales more than doubled in the latest quarter.

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(END) Dow Jones Newswires

November 18, 2020 07:25 ET (12:25 GMT)

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