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Pfizer Stock Leaps on FDA Report, Dow Higher as Stocks Rebound 


The Monday Market Minute

  • Global stocks rebound amid improved risk appetite, but caution remains ahead of the Fed’s Jackson Hole symposium later this week.
  • European PMI data shows the region’s recovery holding firm in August, while stocks rebound from their worst week since February.
  • In the U.S., accelerating vaccine rates, impressive corporate earnings and a weaker dollar are adding to the session’s bullish tone.
  • Oil prices rise for the first day in eight, while the dollar index falls 0.3% from last week’s nine-month high. 
  • U.S. equity futures suggest a modestly firmer start to the week with earnings from Best Buy, Salesforce and Nordstrom in focus, as well as the Federal Reserve’s annual Jackson Hole symposium on Thursday.

U.S. equity futures traded higher Monday, while the dollar retreated from nine-month highs and oil prices snapped a seven-day losing streak, as investors eyed beaten-down stocks while moving cautiously towards this week’s crucial Fed symposium at Jackson Hole, Wyoming, later this week.





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