Wall Street Higher After Moderna Corona Vaccine News

Wall Street Higher After Moderna Corona Vaccine News

The stock exchanges in New York started the new trading week with a profit on Monday.


Investors on Wall Street were pleased with positive vaccine news from pharmaceutical company Moderna.

Shortly after opening, the Dow Jones index recorded a plus of 1.4 percent at 29,884 points. The broad S&P 500 rose 0.9 percent to 3,615 points, and the Nasdaq technology gauge climbed 0.2 percent to 11,959 points.

A Moderna corona vaccine is 94.5 percent effective in preventing infection, according to preliminary research results. In the financial markets, this is considered very encouraging news for companies that have been severely damaged by the corona crisis. The Moderna share gained almost 12 percent.

Among the companies, meat worker Tyson Foods (plus 0.9 percent), Chinese web store JD.com (plus 5.6 percent) and mattress salesman Casper Sleep (minus 18 percent), each of which provided a peek into the books, attention.

Supermarket group Walmart actually got rid of activities. Most of the interest in the Japanese chain Seiyo is sold to investor KKR and the Japanese electronics seller Rakuten. The deal is converted at $ 1.6 billion. Walmart advanced 0.6 percent.

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