rose 0.5%, indicating that blue-chip shares may prolong Monday's rally that lifted the benchmark indices towards record highs.
There is still a long way to go until a vaccine might be rolled out. But Pfizer's announcement"gives investors some hope that a vaccine could arrive sooner than anticipated, and pave the way to some kind of normality," Milan Cutkovic, market analyst at Axi, said. The market's reaction highlights the need for investors to diversify for the next leg, toward more cyclical parts of the market that have lagged in 2020, and away from big tech and the primary stay-at-home beneficiaries, according to Mark Haefele, chief investment officer at UBS Global Wealth Management. He said the next leg up in stocks would be driven by an end to US political uncertainty and the sustainable increase in global mobility that a vaccine could bring.
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vs Nasdaq Futures Warning...
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