The Dow Is Rising and Exxon Stock Climbs as Oil Gains. Vaccines, Stimulus Hold Sway.

Stocks were rising Tuesday even as lockdowns intensified around the globe, although approval of another Covid-19 vaccine is expected soon.

Dow Jones Industrial Average futures rose 183 points, or 0.6%. S&P 500 futures rose 0.7%, while the Nasdaq Composite was poised to open 0.7% higher.

The price of crude oil rose 0.5% to just over $47 a barrel. Stock in the major oil producer Exxon Mobil (XOM) rose 1.3%.

Some countries in Europe tightened lockdown measures, and gyms and museums in Boston are now closed. Investors have been looking past the pandemic measures, focusing instead on the prospects for more fiscal stimulus and, more important, more vaccines.

Moderna (MRNA) is expected to win approved this week for emergency use of its immunization drug, after the Food and Drug Administration releases its analysis for review from an outside panel of medical experts. Investors expect billions of doses of vaccines to be distributed globally throughout the next year.

Here are some notable stock movers Tuesday morning:

Shares of Medtronic (MDT) were rising 2.3% after Goldman Sachs upgraded the stock to Neutral from Sell and raised its price target to $119 from $100.

Marriott (MAR) shares rose 1.1% after Citigroup upgraded the stock to Buy from Neutral and lifted its price target to $150 from $110.

Hilton Hotels (HLT) rose 1.8% after Citi upgraded the stock to Buy from Neutral and raised its price target to $130 from $92.

Halliburton (HAL) shares rose 2.2% after Citigroup upgraded the stock to Buy from Neutral and raised its price target to $24 from $13.50.

Occidental Petroleum (OXY) rose 1.7% after Wells Fargo upgraded the stock to Equalweight from Underweight.

Write to Jacob Sonenshine at jacob.sonenshine@barrons.com