2 Newsmaker Stocks Posting Big Gains Thursday Morning
The stock market has had a tough month in September, but Wall Street looked ready to end the month on at least a mildly upbeat note. Investors still have plenty to worry about with inflation, COVID-19, and a potential government shutdown, but that didn't stop futures traders from trying to mount a comeback. At 8 a.m. EDT, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 88 points to 34,353. S&P 500 (SNPINDEX: ^GSPC) futures had moved higher by 12 points to 4,362, and the futures on the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up 60 points to 14,800.
Overnight, a couple of stocks made big moves higher on positive news. Virgin Galactic (NYSE: SPCE) has had to deal with some issues that kept its stock price earthbound, but it's moving higher now that investors see a green light toward long-term growth. Meanwhile, Perrigo (NYSE: PRGO) got a favorable ruling that will take away a huge overhang that has plagued investors for a long while.
Shares of Virgin Galactic have performed poorly over the past several months, falling on Wednesday to their worst levels since May. However, the shares got a bump in premarket trading Thursday, climbing 9%.
Source Fool.com
