S&P 500 Futures Hit Record High on Pfizer’s Vaccine Hopes

US stock futures jumped sharply in the past hour after the pharmaceutical company Pfizer announced that its coronavirus vaccine, in cooperation with German BioNTech, was more than 90% effective in preventing infection.

As an initial market response, S&P 500 futures rose to a new record high at 3648. In addition, the Dow E-minis rose 2.45% and the Nasdaq 100 e-minis were Up 2.2%.