What to watch today: Dow to rise as Moderna reports positive vaccine data, Goldman earnings beat

What to watch today: Dow to rise as Moderna reports positive vaccine data, Goldman earnings beat

BY THE NUMBERS

Dow futures pointed to an opening pop of about 500 points as Wall Street responds to positive news involving Moderna's potential coronavirus vaccine. S&P 500 futures and Nasdaq 100 futures also were higher. The Dow enters the session on a three-day win streak, including a 557-point gain Tuesday. The S&P and tech-heavy Nasdaq Composite returned to the green, advancing 1.3% and 0.94%, respectively. (CNBC) 

* Treasury yields move higher ahead of Fed's Beige Book report (CNBC) 

Goldman Sachs (GS) reported quarterly revenues and per-share earnings that far exceeded Street expectations, sending its shares higher by more than 4% in the premarket. The investment bank posted second-quarter revenues of $13.3 billion, ahead of the expected $9.75 billion, and earnings per share of $6.26, when analysts anticipated $3.78 per share. (CNBC) 

Shares of UnitedHealth (UNH) were higher by more than 1% in early trading following the health insurer's second-quarter earnings report. UnitedHealth's quarterly profits more than doubled compared to a year earlier as the coronavirus pandemic resulted in some medical care to be deferred. (Reuters) 

On today's economic calendar, import prices and the New York Federal Reserve Bank's Empire State manufacturing index are set to be released at 8:30 a.m. ET. The Fed's Beige Book report will come out at 2 p.m ET. 

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