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Investing.com — Markets took a turn to the green on Tuesday as the U.S. gets excited about its turn with the Covid-19 vaccine after the U.K. kicked off its inoculation program.
The Food and Drug Administration said data from the clinical trials of the vaccine produced by Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) met its safety standards. Emergency Use Authorization should be imminent. President-elect Joe Biden said his administration will give 100 million shots in his first 100 days.
Energy companies gained on hopes that demand will return with vaccines, as did industrials.
Stimulus is (still) being discussed in D.C. Senate Majority Leader Mitch McConnell is apparently suggesting that the Senate drop liability protection and state and local government funding from the stimulus bill since there are so many disagreements on those issues, Briefing.com reported.
Meanwhile, Elon Musk said he’s moved to Texas from California.
Moving on, it’s a big week for IPOs, and DoorDash kicks things off on Wednesday.
Here are three things that may move markets tomorrow.
1. Data on job openings for November
We get some more jobs data, with the latest openings data publishing at 10:00 AM ET (1400 GMT). The U.S. JOLTs Job Openings survey is expected to come in at 6.3 million, compared to 6.436 million for October, which was under the forecast 6.5 million.
2. Let’s go public
DoorDash will join this year’s IPO boom tomorrow. The delivery company is apparently seeing strong demand as it increased its price range last week, which could value the stock at $35 billion, double the private valuation it hit in a June fundraising round, Bloomberg reported. Coming up next: Airbnb.
3. Earnings from Adobe and Campbell Soup
Adobe (NASDAQ:ADBE) is set to report earnings per share of $2.67 on sales of $3.36 billion, both of which would the best on the books.
Keeping us cozy and warm, Campbell Soup (NYSE:CPB) is expected to report earnings per share of 91 cents on revenue of $2.32 billion. That’s a lot of chicken noodle.
