The Market Rallies on More Positive Vaccine News

First, Pfizer’s vaccine claimed a 90% success rate. Now Moderna has claimed a 94.5% success rate. The stock market has responded with another increase. Today’s market action is somewhat similar to Monday’s but not as dramatic.

Right now, the S&P 500 is up 0.83%. The Dow is up 1.22% and the Nasdaq is up 0.40%. The S&P 500 High Beta Index is up 3.69% today while the S&P 500 Low Vol Index is up 0.24%.

We’re seeing the typical pattern of reopening stocks, like Disney (DIS), do well. On the other hand, stars of the lockdown, like Zoom (ZM), aren’t doing so well.

Posted by on November 16th, 2020 at 3:05 pm


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