US STOCKS SNAPSHOT-S&P, Dow futures rise as Moderna says vaccine 94.5% effective

Futures tracking the S&P 500 and the Dow rose on Monday after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19, a week after Pfizer Inc reported positive results from its own late-stage trial.

At 7:00 a.m. ET, Dow e-minis were up 488 points, or 1.66%, and S&P 500 e-minis were up 39.5 points, or 1.1%. Nasdaq 100 e-minis erased early gains to trade down 5.5 points, or 0.05%.