Pfizer’s positive coronavirus vaccine data has boosted investor’s optimism towards stock market this Wednesday afternoon. With the mentioning of the vaccine against the pandemic, certainty on the economy’s worldwide recovery is now definite.
Aside for the vaccine which nullifies fears and anxiety on the growing numbers of confirmed coronavirus cases, the strong private payroll has also boosted the positivity that the reopening may happen and everything in the market will bounce back to normal.
Nasdaq Composite made another record high as an early trial experimental shot from Pfizer Inc. with its partner BioNtech SE showed that the vaccine is safe and prompted patients to produce antibodies.
S&P 500 followed Nasdaq’s lead after Elon Musk’s electric car business Tesla (TSLA) surged by 4% hitting a new record high to $1,120 per share, but The Dow is down around 0.3%.
Below are the movements in today’s market.
For now, browse and click more on Redwood Capital Management Limited to know more about what we can offer for your financial needs.