Stock market live updates: Dow up 300, oil rallies 20%, Norwegian dives

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A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020.

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7:27 am: Pfizer begins human vaccine trials in the US

Pharmaceutical giant Pfizer on Tuesday announced that the first human participants in the U.S. have received a dose of its potential Covid-19 treatment, BNT162. Pfizer first gave its vaccine, which compels cells to build antigens via messenger RNA, to participants in Germany late last month. The U.S. trial will test adults between the ages of 18 and 55 in its initial stage before graduating to older groups; Pfizer says it hopes to test up to 360 people. —Franck

7:17 am: Stock futures jump as hopes about economy reopening increase

U.S. stock futures jumped on Tuesday morning as investors increased bets that the global economy would soon reopen. Dow Jones Industrial Average futures traded 235 points higher, or 1%. S&P 500 futures gained about 1% while Nasdaq 100 futures traded 1.1% higher. California Gov. Gavin Newsom said Monday some of the state’s retailers will be allowed to offer curb-side pickup starting Friday. New York Gov. Andrew Cuomo said that the daily number of hospitalizations and new deaths are declining, suggesting the state is on “the other side of the mountain.” Equity futures also got a boost as oil prices traded higher for a fifth straight day. —Imbert

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