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  • It was a banner day on Wall Street as investors cheered, promising news on yet another vaccine.

  • The Dow closed its first record high since February, rising 470 points, finishing within striking distance of 30,000.

  • 3.

  • ES and P 500 rallied 41 points, also closing at a record.

  • The NASDAQ gained 94 points.

  • Moderna announced that its experimental vaccine was nearly 95% effective in preventing COVE in 19, based on early data from a late stage trial.

  • The news came exactly one week after Pfizer released positive results from its clinical trials.

  • But Madonna's vaccine has a key advantage over fighters it doesn't need Ultra Cults storage, which will make it easier to distribute Shares of Madonna, climbed to 9.6%.

  • Pfizer was down 3%.

  • Positive news on the race for vaccine came amid another grim pandemic.

  • Update.

  • By Monday, more than 70,000 people were hospitalized with coronavirus infections in the United States.

  • That's an all time high, according to Reuters tally.

  • Total US infections crossed the 11 million mark just over a week after hitting 10 million, marking the fastest time it took the country to report an additional one million cases since the start of the pandemic.

  • And yet Wall Street moved higher as investors looked ahead to the future, says Andy Kaplan, co head of investments at Regent Atlantic.

  • The rise in Kobe cases is happening in the here now, and it is absolutely scary news.

  • But markets are looking past this moment of fear to see what does 2021 have in store and what's different about 2021 in investors Minds today versus two weeks ago.

  • What's different is that we now expect to have a vaccine rolled out over the course of 2021 which will enable the return back to normalcy.

  • Travel related stocks were a big beneficiary of that optimism.

  • United led the airlines with a 5% gain.

  • Cruise ship operators did even better.

  • Carnival was the biggest gainer, finishing up the day with a near 10% rally.

It was a banner day on Wall Street as investors cheered, promising news on yet another vaccine.

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Vaccine hopes send Dow, S&P 500 to record close

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    林宜悉 posted on 2020/11/17
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