Vaccine Joy Chases Dow and S & P500 to Records | Financial

The Dow Jones index ended with a plus of 1.6 percent on a record 29,815 points. The broad S&P 500 rose 1.2 percent, peaking to 3,627.1 points, and the Nasdaq technology gauge climbed 0.8 percent to 11,924 points.

Moderna’s 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 9.5 percent.

Aviation and cruise stocks benefited from the news. For example, Delta Air Lines, American Airlines and Southwest Airlines gained up to 4.5 percent, while Carnival, Royal Caribbean Cruises and Norwegian Cruise Line climbed up to 9.5 percent.

The companies also attracted attention from meat worker Tyson Foods, Chinese web store JD.com and mattress vendor Casper Sleep, who each gave a peek into the books. Casper Sleep’s figures were clearly disappointing as the share plummeted almost 14 percent.

In addition, DIY chain Home Depot (plus 0.8 percent) announced that it would acquire construction products distributor HD Supply for more than $ 9 billion. HD Supply’s share price shot up more than 24 percent.

PNC Financial Services (plus 2.9 percent) also released takeover news. The Spanish bank BBVA sells its activities in the United States to this American industry peer for almost $ 12 billion.

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 1.2 percent.

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