US stocks resume climb as investors cheer COVID-19 vaccine progress | Currency News | Financial and Business News | Markets Insider

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US stocks resume climb as investors cheer COVID-19 vaccine progress

on the news. The morning announcement also extended gains across index futures.

Small-cap stocks led the market's uptick as investors continued rotating into riskier names. The Nasdaq composite once again lagged its peers, a reversal from the tech-fueled rallies seen throughout the summer. Though Pfizer's announcement brings the US closer than ever to distributing a vaccine, the market's reaction was decidedly less enthusiastic compared to past vaccine updates.

"It's been a frantic few weeks, with the hype around the election barely easing off before vaccine euphoria took over," Craig Erlam, senior market analyst at Oanda Europe, said."Perhaps we're now seeing a little fatigue kicking in ahead of what is likely to be a lively end to the year."

 

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Well, Amazon made a right move introducing pharmacy

We hope vaccine comes soon

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