Stocks Surge Worldwide To New All-Time Highs After Pfizer Says Covid-19 Vaccine Candidate 90% Effective

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Industries hardest hit by the pandemic are among those rallying the most on Monday morning.

for its coronavirus vaccine candidate, saying that it could be 90% effective at preventing the disease. © 2020 Bloomberg Finance LPShortly after the open, the Dow Jones Industrial Average was up 6%, or nearly 1,700 points, hitting a new all-time high and putting the index on track for its third-best daily point gain.

Not all sectors, however, are rallying; the tech-heavy Nasdaq is up just 0.8% as stay-at-home pandemic favorites like Zoom, Slack and Twilio plummeted 14%, 4% and 3%, respectively, revealing some tech sensitivity to a post-pandemic future.

 

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Thank you POTUS DJT for your leadership in collaboration with commercial pharmaceutical companies and the creation of Operation Warp Speed that has led us to record speed development of vaccines. 🇺🇸

The Republican lawyer who helped spearhead George W. Bush’s legal strategy during the 2000 Florida recount, urges President Trump to respect the outcome of this election. “Sir, you need to take a step back, look at the results. It is a democracy.”

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