JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
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* Futures up: Dow 0.60%, S&P 0.55%, Nasdaq 0.45%
By Medha Singh
Jan 4 (Reuters) - U.S. stock index futures pointed to a
record opening for the S&P 500 and the Dow in the first trading
session of the year on Monday, building on a rally that has been
powered by hopes of a vaccine-driven recovery in the global
economy.
Wall Street's major indexes rounded off 2020 with strong
gains as a wave of monetary stimulus and promising developments
on the vaccine front helped the indexes recover from their
sharpest contraction in decades.
Latest surveys showed manufacturers across Europe ended the
year on a high, while Asian factory activity expanded
moderately, thanks to robust demand in regional giant China.
U.S. factory activity data is expected later in the day.
On the vaccine front, Britain on Monday became the first
country to roll out the COVID-19 shot developed by Oxford
University and AstraZeneca AZN.L . However, some investors are cautious about economic growth
as U.S. jobless claims remain stubbornly high and a new round of
business closures last month as well as the discovery of a new
variant of the coronavirus have cast a shadow on the outlook.
All eyes are on the twin U.S. Senate runoff elections on
Tuesday in the battleground state of Georgia, which will
determine control of the chamber and, effectively, the fate of
President-elect Joe Biden's legislative agenda. The three stock index futures hit all-time highs. At 06:37
a.m. ET, Dow E-minis 1YMcv1 were up 183 points, or 0.6%, and
S&P 500 E-minis EScv1 were up 20.5 points, or 0.55%. Nasdaq
100 E-minis NQcv1 were up 57.75 points, or 0.45%.
Tesla Inc shares TSLA.O rose 2.7% in trading before the
bell to a record high after the electric-car maker reported
better-than-expected vehicle deliveries in 2020, extending a
meteoric rally that has seen the stock surge more than 700%.