US stocks have reached more record highs as another potential coronavirus vaccine being developed by pharmaceutical firm Moderna boosted hopes of eradicating COVID-19.Moderna's shares jumped 11 per cent on the news, while aviation and travel stocks also saw gainsHowever, rising infections and new shutdowns threaten to hinder a global recovery from the pandemic recession.Moderna said its experimental COVID-19 vaccine was 94.
That's despite US infections surging past 11 million with record infections in 40 states, prompting states to toughen social distancing rules.The Dow Jones index reached a new record high during the session and closed in on the 30,000 point mark.The S&P 500 put on 0.8 per cent to 3,612 and the Nasdaq gained 0.4 per cent to 11,882.In London, the FTSE 100 increased 1.7 per cent or 6,422, the DAX in Germany rose 0.5 per cent to 13,139, and the CAC 40 put on 1.7 per cent to 5,472.
West Texas crude rose 3.1 per cent to US$41.37 a barrel, while Brent crude, the international benchmark, gained 2.6 per cent to $US43.87 a barrel.It lost 0.1 per cent to $US1,886.58 an ounce.
Watching the media play the role of drug company's press departments is utterly revolting. These companies have published absolutely nothing. Zero. They are simply grooming the public and bumping up their share price. Who the fk would trust drug companies at their word?
Another success of the Trump's 'warp speed'. Thank you President Trump.