Wall Street stocks shook off early weakness and finished at fresh records again on Tuesday, December 8, boosted by progress on coronavirus vaccines and anticipation of stock offerings by Airbnb and DoorDash.
Sentiment has been boosted by major COVID-19 vaccine announcements that have lifted confidence about the potential for a strong economic recovery in 2021, and offset worries about the near-term pain as the US contends with soaring coronavirus case counts that have led to new restrictions. Investors also have been cheered by the impending stock market debuts of Airbnb and Doordash, which are poised to take advantage of investor hunger for young businesses promising fast growth, especially amid lifestyle changes caused by the pandemic.
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