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US stock index futures rose in Thursday morning’s trading to offset yesterday’s losses.
This rise in US stocks came after the US Food and Drug Agency (USFDA) announced that it had granted emergency approval to a drug developed by Pfizer to treat people infected with the Coronavirus, which has a 90% effectiveness in avoiding hospitalization.
In addition to positive data yesterday, the final reading of the US gross domestic product for the third quarter recorded a growth of 2.3%, which is greater than expectations that indicated a stable reading at 2.1%.
As a result, the US stock indices rose, with futures prices of the DOW JONES index by 0.16% and settled at the level of 35,690 points, future contracts of the S&P 500 industrial index fell by about 0.13% before the opening of the US stock trading today and recorded approximately 4,692.25 points.
The futures contracts of the NASDAQ Composite Index also rose by about 28 points, or 0.05%, before the trading session, and recorded about 16,178.50 points in US stock trading this morning, Thursday.
