Solid gains for stocks as investors cheer FDA approval of Pfizer Covid vaccination

S&P and NASDAQ close at record levels

The US major indices had a solid gains today led by the NASDAQ index which increased 1.54%. The Russell 2000 also had a solid gain of near 1.9%.

The gains were help by the FDA’s full approval of the Pfizer Covid vaccination. The hope is that those who have remained unvaccinated will be encouraged to get vaccinated now, and also that businesses and local governments, etc. will start to force workers to get the approved Pfizer vaccination. 

Highlights:

  • NASDAQ closed at a record high
  • the S&P and NASDAQ hit new all-time intraday record levels. The S&P could not stay above its previous record closing level.
  • Dow is up for the second straight day
  • NASDAQ and S&P client for the third straight day

the final numbers are showing:

  • Dow up 215 points or 0.61% at 35335.71
  • S&P index up 37.84 points or 0.85% at 4479.51
  • NASDAQ index up 228 points or 1.55% at 14942.65
  • Russell 2000 up 40.70 points or 1.88% at 2208.30
Technical Analysis

Articles You May Like

Gold rallies Rs 600 to Rs 74,100 per 10 grams; silver jumps Rs 700
Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
Malaysia Gold price today: Gold rises, according to FXStreet data
Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
Fed rate cut pricing continues to bounce around

Leave a Reply

Your email address will not be published.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