A Wall Street sign is seen outside the New York Stock Exchange, September 30, 2008. REUTERS/Lucas Jackson
(Reuters) - The S&P 500 and the Dow hit record highs on Monday as the first successful late-stage clinical trial of a COVID-19 vaccine sparked hopes of the economy emerging from a pandemic-driven crisis.
The blue-chip Dow surged as much as 5.7%, also getting a boost from Joe Biden clinching a tightly-fought presidential election.
The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co up 12.6% and airlines and cruise line operators all trading 20% to 30% higher.
Oil prices surged more than 10% and U.S. Treasuries sold off after Pfizer and BioNTech said the data showed the vaccine was more than 90% effective in preventing COVID-19.
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Update #1: Stocks burst higher, S&P 500 at record on vaccine hopes (AP)
Update #2: European stocks close 4% higher as global markets rally on vaccine news (CNBC)
WNU Editor: I have noticed Biden surrogates, helped by the media, are taking credit for today's massive stock market surge. I am not buying that. If their claims are true the stock futures would have been booming yesterday, but they did not. The markets only exploded seconds after Pfizer made their announcement official this morning.
4 comments:
Report: Pfizer Stopped Testing COVID-19 Vaccine Results in Late October, Placed Samples in Cold Storage to Be Tested the Day After the Election
That's horrible@Pfizer
But oh boy, the media giants love the Pharma ad dollar.
And then people are surprised that Fox betrayed Trump. They work for Rupert Murdoch, who has huge stakes in Pharma which DJT declared war on when he cut into their profit margins
Just how blinded can you be? It's a media coup to stay relevant. And their pick is not by law but who is not Pharma's declared enemy. That and other reasons, total DNC corruption, massive documented voter fraud, counting nearly 60 witnesses soon.
It's over, folks, no Biden.. he will be lucky if he makes it to the courts.
WNUs constant attempt to legitimize this corrupt dictator, traitor, liar, pedo is telling. Nothing could be worse for America. Except if they on top stole the election, which it looks more and more like by the hour.
Media in panic mode, blackouts, deleting of the Hunter Biden audiotape. Guarantees from the DNC to the 7 media/ tech outlets broken. At top level conspiracy. Bottom workers conspiracy. Mid level. All of them and all got caught.
Deals being made right now to avoid lengthy prison times.
It's over. No Biden.
All caught?
No arrest warrants ... none in jail
People would rather learn Critical Race theory than science
Everything is popularity contest instead of results.
There are two articles out there.
One is that the government contracted with Pfizer back in July.
The other is that the Pfizer put there samples on ice in late October until after the election.
What did the government contract say? It had performance clauses.
Did those clauses have hard firm dates only? Is it allowable for Pfizer to delay testing for 2 weeks after samples are taken?
PFIZER MIGHT HAVE BROKEN CONTRACT LAW.
Is there such a thing as delay performance for contractor convenience?
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