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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 -1.62% and BioNTech SE /zigman2/quotes/214419716/composite BNTX -12.84% 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 -1.44% were trading 177 points, or 0.5%, higher at 35,885, those for the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.69% 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
$ 54.06
-0.89 -1.62%
Volume: 21.96M
Jan. 18, 2022 3:31p
P/E Ratio
16.04
Dividend Yield
2.96%
Market Cap
$308.43 billion
Rev. per Employee
$883,274
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/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 170.83
-25.17 -12.84%
Volume: 4.02M
Jan. 18, 2022 3:31p
P/E Ratio
4.91
Dividend Yield
N/A
Market Cap
$47.53 billion
Rev. per Employee
$8.48M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,394.01
-517.80 -1.44%
Volume: 290.87M
Jan. 18, 2022 3:31p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,583.90
-78.95 -1.69%
Volume: 1.93B
Jan. 18, 2022 3:31p
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