Stocks Surge After Moderna's Vaccine News Reinforce Hopes About COVID-19 Fight

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Stocks surged on Monday after Moderna became the second drugmaker to tout progress toward developing an effective COVID-19 vaccine. The Dow rose 349 points, or 1.2%, soon after the markets opened.

A street sign for Wall Street is seen outside the New York Stock Exchange on Nov. 5, 2020. Stocks rallied after Moderna said its experimental COVID-19 vaccine was nearly 95% effective.A street sign for Wall Street is seen outside the New York Stock Exchange on Nov. 5, 2020. Stocks rallied after Moderna said its experimental COVID-19 vaccine was nearly 95% effective.

The Dow Jones Industrial Average rose 349 points, or 1.2%, soon after the markets opened. The S&P500 was up 0.7%, while the Nasdaq was up 0.6%.at preventing people from getting the coronavirus. The news came about a week after Pfizer and partner BioNTEch sparked a massive rally in markets after touting an experimental COVID-19 vaccine that was more than 90% effective.

 

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These Monday morning vaccine announcements certainly seem to be having a positive effect on Wall Street. Is the timing coincidental? Who is benefitting financially?

Thank you president Biden

Thanks President Trump!

The federal government must mandate that these drug companies must publish their drugs Side Effects. If trump won't do it then Biden must do it. Knowledge will create trust

someones gonna be cashing out big today

wow

Moderna is the company most connected to Trump and his goons so they would lie.

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