Dow Rallies 400 Points After Moderna’s Positive Vaccine News, Stocks Add To Record Highs

  • 📰 Forbes
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Moderna shares are up 14% after the firm announced its Covid vaccine candidate is 94.5% effective in preventing the disease.

Global markets also ticked higher after the announcement: The United Kingdom's FTSE 100 climbed 1.9%, and France's CAC 40 jumped 2%, while Hong Kong's Hang Seng Index, which closed before Moderna's announcement, edged up nearly 0.8%.

"Growth stocks massively underperformed value last week, and this price action should continue for the foreseeable future," he adds, noting that one factor"working against growth and momentum stocks–as well as pandemic winners like essential retail–are difficult growth comparisons that start to kick-in around March and April of 2021.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

More and more people should be talking about it

Good for Big Pharma, but anything Artificial is No Comparison to the Real Thing! Our Immune Systems 'are' Authentic, Truly Divine & Europeans created something (artificial molecule antibodies) to mimick our own immune system. Really?Anti-Nature, Creation & God! Isis

More good news please(((

And who owns Moderna. Isn't it bill gate?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow Falls 400 Points Amid 'Market Nonsense' With Apple, Facebook, Tesla Earnings On DeckGameStop's market capitalization is on track to surpass $20 billion. dont sell. Hold it! Live look at hedge fund managers everywhere.... More good news please(((
Source: Forbes - 🏆 394. / 53 Read more »

Dow Falls 400 Points Amid 'Market Nonsense' With Apple, Facebook, Tesla Earnings On DeckThe Dow fell 400 points amid 'market nonsense' with Apple, Facebook and Tesla earnings on deck small correction for hunt more bears What’s Market nonsense? Because of GME? This is what true MARKET MANIPULATION looks like)TD Ameritrade:Security impacts related to market conditions In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC +other securities. ameritrade
Source: Forbes - 🏆 394. / 53 Read more »