U.S. inventory index futures are taking pictures for a comeback after the tech-heavy Nasdaq ended its worst week since March.
The Dow is pointing to a 360-point advance, whereas contracts tied to the S&P 500 and Nasdaq 100 are up 1.5% and 1.9%, respectively.
A sequence of offers are boosting sentiment: Gilead reached a $21B settlement to acquire Immunomedics, Nvidia is paying $40B to purchase Arm Holdings from Japan’s SoftBank and Oracle appears poised to take over TikTok’s U.S. operations.
On the coronavirus entrance, Pfizer mentioned its coronavirus vaccine might be distributed to People before the end of the year, whereas Astrazeneca restarted Phase 3 trials within the U.Ok.
Remember the Fed. The central financial institution is anticipated this week to keep up its dovish stance on coverage and buyers will proceed to look out for indicators of an financial restoration.
