Stocks burst higher, S&P 500 at record on vaccine hopes

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The Dow Jones Industrial Average surged 1,500 points, or 5.4%, in early trading Monday and the S&P 500 jumped 3.7% after drugmaker Pfizer said early data show its coronavirus vaccine looks highly effective.

The Big Tech companies that drove the market higher earlier in the pandemic, in large part because they didn’t need a “normal” economy, were lagging behind. That kept a lid on the gains for the Nasdaq composite, which rose a more modest 0.9%.

And in Washington, some uncertainties remain that could derail what’s already become a roughly 11% rally for the S&P 500 so far in November. Markets are banking on Benchmark U.S. crude oil surged 10.2% to $40.93 per barre on expectations that a healthier economy will burn more energy. Brent crude, the international standard, rose 9% to $43.00 per barrel.Gold, meanwhile, fell 3.9% to $1,875.30 per ounce as investors felt less need to crowd into investments considered safe refuges.

 

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Remembering Trump had nothing to do with the new vaccine by a company that rejected his failed “task force” and “warp speed”! 😂

The Biden Bump 😎

Apparently the DOW is as excited about PresidentElectJoeBiden as we are.

kinda amazing how one company can make the stock market sway that much....

please help me My name is farah and i am 28 years old. my father wants to kill me i have all the records and the massages. i want a help to get out of my house . i need a protection. please help .

realDonaldTrump gets this credit.

CORPORATE RiCO stretch further than the music streaming industry ... wall street and the car industry and congress too ... arrest the UNITED 'SNAKES' of AMERICA

Ok then. Who in their right mind is going to voluntarily take the vaccine?

Ningún medio occidental cuestionara la vacuna de Pfizer porque al final es un negocio.😏

TheAdamMcNeil YOU WERE SAYING YOU GIANT DUMB FUCK

PresidentElectJoeBiden

Biden is winning already, wow!

All under President realDonaldTrump term

And Joe Biden won!

Somethng that will benefit the world will surely turn into money,but if such a thing is discovred,this joy should surpass material expectations.Whichever news channel I look at,it gives the share rates of the substance producer that will positivly affect the elimination of covid

It opened at 29,467, so the after hours trading was trending higher at the end of last week, which illustrates that the “surge” is more likely due to the election trending in favor of JoeBiden. Remind to be seen how it closes today due to Pfizer.

Thank you Joe!

Thank you, Pfizer and President Trump!

That’s it. That seals the deal. I’ve been an american citizen for 76 years and in all my time of being one i’ve never seen an election this bad. I’ve had enough of it, until you fix this country.I’ll be packing my bags to Alaska where they actually know how to run a country

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