The New York Stock Exchange sets new records, reassured by the latest employment figures in the United States, which confirm the economic rebound trend, and by the latest news on the treatment of Covid-19 developed by Pfizer .
A few minutes after the start of trading, the Dow Jones index gained 243.66 points, or 0.67%, to 36,367.89, the Standard & Poor’s 500 rose 0.67% to 4,711.38 and the Nasdaq Composite took 0.64% to 16,042.35.
All three thus evolve over new all-time highs.
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Beyond employment, the stock market trend is also benefiting from Pfizer announces 89% efficacy of its treatment for Covid-19 to prevent severe forms of the disease.
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The news couldn’t have been better. The market was already doing well with Pfizer’s announcement but now it really looks like the end of the pandemic.
Thomas Hayes
co-director of Great Hill Capital
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Pfizer stock is up 10.25% and its announcements are particularly beneficial to airlines, such as American Airlines (+5%), Delta Air Lines (+ 6.11%), and to cruise operators, such as Carnival (+6,7%).
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Falling, Merck and Modern, which produce the two most widely used vaccines against Covid-19, fell 8.5% and 19.30% respectively.
In the news of the results, the specialists in exercise bikes and treadmills Peloton Interactive collapsed by 30.45% after sharply reducing its annual revenue forecast.
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