Dow Jones Futures: China Stocks Pinduoduo, Xpeng Spike On Earnings, Coronavirus Vaccine Maker Moderna Extends Breakout
Posted Date: November 12 2020
Dow Jones futures fell modestly Thursday morning, along with S&P 500 futures while Nasdaq futures rose modestly, amid strong growth from hot Chinese stocks Pinduoduo, Xpeng Motors and Tencent.
The stock market rally had another mixed session on Wednesday but the market rotation out of techs has halted, at least for now. The Nasdaq led the way after falling in the two prior sessions as the coronavirus vaccine news hit stay-at-home stocks and many other growth plays. Chip stocks, which held up better than many techs on Monday and Tuesday, rebounded Wednesday, including Taiwan Semiconductor (TSM).
The stock market rally had another mixed session on Wednesday but the market rotation out of techs has halted, at least for now. The Nasdaq led the way after falling in the two prior sessions as the coronavirus vaccine news hit stay-at-home stocks and many other growth plays. Chip stocks, which held up better than many techs on Monday and Tuesday, rebounded Wednesday, including Taiwan Semiconductor (TSM).
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