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Dec. 8, 2021, 7:13 a.m. EST

Dow futures pick up steam early Wednesday as Pfizer/BioNTech release preliminary lab study on omicron variant

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By Mark Decambre

U.S. stock-index futures gained some altitude higher Wednesday morning after a preliminary lab study from Pfizer /zigman2/quotes/202877789/composite PFE -2.33% and BioNTech SE /zigman2/quotes/214419716/composite BNTX -5.77% suggested that 3 shots of their COVID vaccines, including a booster, provides the same level of neutralizing protection against the new omicron variant as two doses against the original strain of the coronvirus that causes COVID-19. Futures for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.30% were trading 177 points, or 0.5%, higher at 35,885, those for the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.89% were up 0.5% at 4,705, while the Nasdaq-100 futures were trading 0.4% higher at 16,375. "Data indicate that a third dose of BNT162b2 increases the neutralizing antibody titers by 25-fold compared to two doses against the Omicron variant; titers after the booster dose are comparable to titers observed after two doses against the wild-type virus which are associated with high levels of protection," the Pfizer/BioNTech report said . That report comes after South Africa reported findings from early lab tests indicating the Pfizer-BioNTech vaccine generated one-fortieth of the infection-fighting antibodies against omicron than against the original version of the virus.

/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 52.79
-1.26 -2.33%
Volume: 41.05M
Jan. 21, 2022 4:02p
P/E Ratio
15.67
Dividend Yield
3.03%
Market Cap
$303.38 billion
Rev. per Employee
$883,274
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/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 147.50
-9.03 -5.77%
Volume: 4.39M
Jan. 21, 2022 4:00p
P/E Ratio
4.26
Dividend Yield
N/A
Market Cap
$37.96 billion
Rev. per Employee
$8.48M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,265.37
-450.02 -1.30%
Volume: 523.88M
Jan. 21, 2022 4:52p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,397.94
-84.79 -1.89%
Volume: 3.20B
Jan. 21, 2022 4:52p
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