November 9, 2020

November 9, 2020

The Dow and S&P 500 hit record highs today as investors cheered trial data from drugmakers Pfizer and BioNTech indicating their Covid-19 vaccine is more than 90% effective.

 

Dow Jones finished  +834 at 29,157

S&P 500 finished +41 at 3,550

NASDAQ finished -181 at 11,713

 

The 10 Year Treasury closed up 11 basis points yielding 0.93%

Oil prices closed up $2.92 ending at $40.06 a barrel

Gold prices closed down $86.30 ending at $1,865 an ounce

 

In the days’ stock news:

 

  • Pfizer closed up more than 7% and BioNTech jumped almost 14%, after the two companies released trial data that showed their coronavirus vaccine candidate had an efficacy rate of more than 90%.
  • Beyond Meat tumbled 4% after McDonald’s said will test a meat-free burger in several markets next year as it adds plant-based menu offerings. Beyond Meat had made the meat-free patties for McDonald’s Canadian test, and the fast-food chain ended the test in April.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Daily Updates

November 30, 20.

Stocks fell sharply today as investors cashed in some of...

November 25, 20.

Wall Street consolidated its gains today, with stocks trading flat...

November 24, 20.

Optimism over the pending deployment of a COVID-19 vaccine drove...

Monthly Updates

Dow 30,000.

November through January is traditionally the best time of the...

Rising COVID, F.

October has a bad reputation as it has been the...

Overdue Correct.

Technology stocks helped push the S&P 500 nearly 60% above...

Stay up to date with our newsletter