Stocks rose to fresh all-time highs on Tuesday as Pfizer started to roll out its coronavirus vaccine in the U.K., lifting hope of the economy recovering in the near future.

The S&P 500 advanced 0.3% to 3,702.25. It marks the S&P 500′s first close above 3,700. Energy led the S&P 500 higher, popping more than 1.5%.

The Pfizer-BioNTech vaccine roll-out came as traders kept an eye on negotiations for additional fiscal stimulus while the U.S. coronavirus caseload continues to rise.

Plan B : Short if market failed to support above 3680. Targets are 3656, 3628 and 3601.



E-Mini Nasdaq


U.S. stock futures rose slightly early Wednesday, building on recent strength that pushed the major averages to record highs.

The Nasdaq Composite also notched a record close after rallying 0.5%, fueled by cloud stocks. All three of the market benchmarks were lower to start the session.

Fueling the rally is optimism about the U.K.’s rollout of Pfizer’s Covid-19 vaccine on Tuesday. Hope that the Senate will soon agree to a stimulus package to prop up markets as the coronavirus outbreak rages on has also boosted sentiment.

The Labor Department’s so-called JOLTs report will be released at 10 a.m. ET on Wednesday. Economists polled by Dow Jones are expecting job openings to hit 6.3 million in October, down slightly from the 6.4 million in September.

Plan B : Short if market failed to support above 12517. Targets are 12480, 12438 and 12399.

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Plan A : Remain buy as long as oil price trades firmly above 45.4. Targets are 46.2 and 46.8    
 

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