Virgin Galactic Stock Takes Flight

Dow futures are up around 144 points

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Schaeffer's Opening View
10/01/2021
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Stock Futures Pointed Higher to Start October


By: Jacob Scott

Fresh off one of the worst months for Wall Street this year, stock futures are pointed higher to kick off October. The upbeat movement comes after blue-chip drugmaker Merck (MRK) announced its oral antiviral treatment for Covid19 reduced death and/or hospitalization, while the 10-year Treasury yield continued its retreat. In other news, the U.S. Senate and House both passed a short-term appropriations bill that would fund the government through Dec. 3. The bill is on its way to be signed by President Joe Biden. As a result, Dow Jones Industrial Average (DJI) futures were last seen up around 144 points, while futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures were just above breakeven.  

Continue reading for more on today's market, including:

  • Virgin Galactic stock is cleared for flight.
  • U.S. Bancorp stock remains near record highs ahead of earnings.
  • Plus, more Merck's Covid-19 pill; Lordstown stock stays hot; and MGM nabs a bear note.
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