Finally, the world got some good news yesterday.
Wall Street was on a historical roar, as Pfizer Inc. (NYSE:PFE) drove the Dow Jones and world markets.
The NASDAQ did not fare as well, as investors ditched expensive technology stocks and bought up small-caps and cyclicals that are set to bounce from a post-pandemic economic recovery.
Markets are mixed this morning here and abroad as investors take a breather to evaluate where we stand.
Pfizer’s vaccine needs final testing, and we’re still waiting on Congress for a stimulus bill all the while President-Elect Biden struggles with the Trump administration for access to the keys to the government. And the coronavirus continues to sweep the nation with a record 10 million cases and 237,921 deaths.
Pre-Market Stock Movers November 10
Eli Lily & Co. (NYSE:LLY) was granted emergency-use authorization in the U.S. for an antibody therapy for the coronavirus.
Amazon.com Inc. (NASDAQ:AMZN) faces an antitrust complaint from European Union regulators and it slipped in the pre-market.
The Boeing Co. (NYSE:BA) rose 3.5% in pre-market trading.
In Other News…
- Beyond Meat (NASDAQ:BYND) reported lower results for its third quarter.
- International Flavors & Fragrances Inc. (NYSE:IFF) reported weak third-quarter results.
The 10-year Treasury is approaching .95%, and both crude and gold were up.
The British pound was at a two-month high versus the U.S. dollar.
Recent Unusual Options Activity
These options trades making waves today:
- Two investors placed identical trades worth $504,00 on Exxon Mobil Corporation (NYSE:XOM) with a $30 call expiring on January 15, 2021.
- Another investor placed a trade valued at $292,000 on Alphabet Inc. (NASDAQ:GOOG) with a $1760 call expiring on November 13, 2020.
- And one more we’ll report placed a trade for $188,500 on DocuSign, Inc. (NASDAQ:DOCU) with a $220 call expiring on January 15, 2021.