Dow futures up 200 points, oil prices rise for 5th straight day

Dow futures up 200 points, oil prices rise for 5th straight day

A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020.

John Nacion | NurPhoto | Getty Images

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7:57 am: Reopening stocks pushing higher

Stocks poised to benefit from government officials allowing business to reopen were outpacing the broader market in premarket trading. Casino stock Wynn Resorts gained 4.7%, while shares of movie theater chain AMC rose 4.2%. In the retail sector, shares of Simon Property Group surged more than 4%, while Macy’s rose 3.8%. —Pound

7:41 am: Big tech stocks rise again

Shares of big cap technology companies rose again on Tuesday in premarket trading, continuing their recent strength. Shares of Microsoft jumped 1%, shares of Apple rose 0.8%, Amazon jumped 0.5%. Google-parent Alphabet rose 0.5% and Facebook rose nearly 1%. Streaming giant Netflix ticked 0.75% up in premarket trading. On Monday, strength in the biggest technology companies lifted the broader market out of negative territory. —Fitzgerald

7:30 am: Airline stocks rise, try to snap 3-day slide

Airline stocks were up during premarket trading as they tried to curb a three-day losing streak. American shares traded 4.7% higher along with United. Delta was up 3.5% before the bell. Airlines fell broadly on Monday after Warren Buffett said he sold his entire stake in the space following steep losses from the coronavirus pandemic. —Imbert

7:27 am: Pfizer begins human vaccine trials in the US

Pharmaceutical giant Pfizer on Tuesday announced that the first human participants in the U.S. have received a dose of its potential Covid-19 treatment, BNT162. Pfizer first gave its vaccine, which compels cells to build antigens via messenger RNA, to participants in Germany late last month. The U.S. trial will test adults between the ages of 18 and 55 in its initial stage before graduating to older groups; Pfizer says it hopes to test up to 360 people. —Franck

7:17 am: Stock futures jump as hopes about economy reopening increase

U.S. stock futures jumped on Tuesday morning as investors increased bets that the global economy would soon reopen. Dow Jones Industrial Average futures traded 235 points higher, or 1%. S&P 500 futures gained about 1% while Nasdaq 100 futures traded 1.1% higher. California Gov. Gavin Newsom said Monday some of the state’s retailers will be allowed to offer curb-side pickup starting Friday. New York Gov. Andrew Cuomo said that the daily number of hospitalizations and new deaths are declining, suggesting the state is on “the other side of the mountain.” Equity futures also got a boost as oil prices traded higher for a fifth straight day. —Imbert

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