Weakness Picks Up, With Futures Hitting New Daily Lows

E-mini S&P weakness accelerates, falling through the overnight lows of 3538.25 to hit the worst levels of the session. As was the case from the open, energy and financials are performing particularly poorly in a further reversal of the moves seen since Pfizer's vaccine news on Monday.

Individual performers reflect this sentiment, with COVID-sensitive firms the hardest hit (Wynn Resorts, Carnival Corp) on likely profit taking.

Volumes have picked up after the quieter Wednesday session, although headline activity remains below average for this time of day.

First support for the e-mini S&P sits at the Wednesday low of 3531 and 3522.50, which would leave the index flat on the week.