Apple Inc.
AAPL
$175.49
−3.58 (2.00%)
Dow hits a record high as Moderna data supports vaccine bets

Published by

December 5, 2024
(GMT+2)

The Dow hit a record high on Monday after Moderna became the second Us company in a week to report promising results from its coronavirus vaccine trial, increasing hopes of a faster economic recovery from a pandemic-driven recession.Moderna Inc surged 7.7% as it stated its experimental vaccine was 94.5% effective in preventing coronavirus based on early data from a late-stage trial.The Nasdaq’s rise was limited as investors sold some of this year’s “stay-at-home” winners such as Amazon.com Inc, Netflix Inc and Zoom Video Communications Inc.The S&P 500 and the Dow headed for record closing highs, building on gains from last week after a similar vaccine-oriented update from Pfizer Inc brightened the economic outlook and fueled a rotation into cyclical and value shares.

WHAT TO READ NEXT

Ready to get started?

Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.