Home » Business » Dow rebounded over 100 points in response to COVID vaccine progress, economic stimulus measures | RYT9

Dow rebounded over 100 points in response to COVID vaccine progress, economic stimulus measures | RYT9

DowMore than 100 rebounded today in response to many countries starting vaccination against COVID-19. Including investors have hope thatUS CongressWill be able to leaveEconomic stimulus measuresSoon

As of 9:47 p.m. Thai time, the Dow Jones Industrial Average was 29,974.35 points, a positive 112.80 point or 0.38%.

Apple’s share price jumped 3.7 percent after media reported it would produce 96 million iPhones in the first half of 2021, up nearly 30 percent year over year.

The US, Britain, Bahrain, Canada and Singapore have now approved Pfizer’s vaccine. The British began vaccinating their citizens on Tuesday. While the US and Canada started vaccination yesterday.

A report by US Food and Drug Administration (FDA) officials identified a vaccine against the novel coronavirus. Of Moderna Company is efficient and safe And eligible to be approved as an emergency

The report signals that the FDA will give formal approval of the COVID-19 vaccine. Moderna on Friday

FDA advisory board made up of external experts It will hold a meeting on Thursday to review and vote on the approval of the novel coronavirus vaccine. Moderna is an emergency. After the committee approved Pfizer’s vaccine on Thursday, the FDA gave it official approval on Friday.

Moderna stated that In an experiment with 30,000 volunteers, the company’s vaccine was 94.5% effective in preventing COVID-19.

Republican members and Democrats have agreed to split the $ 9.08 billion stimulus package into two bills to increase the chances of it being approved by Congress. The first issue will have $ 7.48 billion to cure the unemployed and small businesses affected by COVID-19. The other will have $ 1.60 billion to aid states.

Investors, meanwhile, keep an eye on the Federal Reserve’s monetary policy meeting today and tomorrow. While analysts predicted that The Fed will continue to hold short-term interest rates at the 0.00-0.25% level, but could change the bond purchase limit following the quantitative easing (QE) from the current level of $ 80 billion / month. Meanwhile, the Fed purchases 40 billion / month of home equity loan collateralized debt instruments (MBS) To stabilize the financial markets

The disclosure of US economic figures today. The US Department of Labor said. The import price index rose 0.1% in November on a monthly basis. After falling 0.1% in Oct.

Analysts had previously forecasted a 0.3% increase in the import price index in November.

Year on year The import price index was down 1.0% in November, after also falling 1.0% in October.

In addition, the US Department of Labor also said. The export price index rose 0.6% in November on a monthly basis. After a 0.2% increase in Oct.

Year on year The export price index fell 1.1% after falling 1.6% in October.


– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.