Wall Street futures perk up on vaccine hopes as stimulus stand-off weighs

S&P 500 Bolstered by VIX Compression as Election Fear Fades

Wall Street futures perk up on vaccine hopes as stimulus stand-off weighs

All 11 major sectors of the S&P 500 trade in the negative territory after the opening bell and with the Energy Index is leading the decliners with a loss of 2.5%.

The S&P 500 closed up just a fraction of a point but still managed to post a modest gain for the week.

The Dow gained 19.41 points, or 0.1%. The Nasdaq Composite Index decreased 42.32 points, or 0.36 percent, to 11,671.56.

The Dow Jones Industrial Average increased 112.11 points, or 0.39 percent, to 28,606.31.

The Dow is up 67.87 points, or 0.2%.

VIX Index Price Chart Futures Curve Term Structure November Election Risk

Also inspiring traders was news from Pfizer Inc (NYSE:PFE) that the company plans to apply for emergency use authorization of its cornoavirus vaccine candidate once it reaches saftey milestones, which the company said it expects to occur in late November, per CNBC.

The main Wall Street indices have started Friday's session in the green as market sentiment was boosted by a better than expected set of USA retail sales figures. S&P 500 price action fell by more than 1% following the NY opening bell, but equities clawed back downside as trading progressed.

Major equity indexes in the USA opened sharply lower on Thursday as safe-haven flows continue to dominate financial markets.

The Nasdaq added 91.61 points, or 0.8%. USA retail sales came in stronger than expected, rising almost 2% month over month. United States retail sales increased by 1.9% month over month.

"The seven-day average has risen by 55.5% since the September 12 low".

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