What to watch today: Dow futures up, Nasdaq futures down as rotation out of tech continues

What to watch today: Dow futures up, Nasdaq futures down as rotation out of tech continues

BY THE NUMBERSDow futures pointed to a gain at Tuesday's open after the 30-stock average surged 834 points, or nearly 3%, on trial data showing more than 90% efficacy for Pfizer's Covid-19 vaccine. The Dow, at Monday's highs, soared more than 1,600 points, eclipsing February's all-time intraday high. However, the Dow finished 393 points short of February's closing record high. The S&P 500 also paired gains by the close after topping September's intraday all-time high early during Monday's session. (CNBC)The Nasdaq closed lower as investors bailed on so-called stay-at-home tech stocks and piled into pummeled travel stocks on the hope that a coronavirus vaccine would soon help beat back the pandemic. That rotation trade was continuing, albeit at a slower pace, in Tuesday's premarket. Nevertheless, Nasdaq futures were sharply lower.