{"id":179186,"date":"2020-07-15T22:25:21","date_gmt":"2020-07-15T22:25:21","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=179186"},"modified":"2020-07-15T22:25:21","modified_gmt":"2020-07-15T22:25:21","slug":"vaccine-hopes-propel-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/vaccine-hopes-propel-markets\/","title":{"rendered":"Vaccine hopes propel markets"},"content":{"rendered":"

Markets surged on encouraging results from Moderna<\/a>‘s COVID-19 vaccine<\/a>. In the latest tests, the drug produced antibodies to fight the virus, but some people who participated experienced side effects. Crucial phase 3<\/a> trials will begin July 27. Moderna shares soared as much as 18% in Wednesday trading, eventually closing near 7%. On Thursday, AstraZeneca<\/a> and Oxford University will release their own vaccine’s findings. The positive news drove indices up, especially travel stocks like Marriott<\/a> which jumped almost 8%. The S&P and Dow closed shy of 1% higher while the Nasdaq gained 0.59%. Meanwhile, American banks continued to report, with Goldman Sachs<\/a> announced that trading revenues<\/a> doubled. After an early-morning spike, Goldman closed up 1.35%.<\/p>\n

Investors set aside worries over the continuing surge in COVID-19 cases across the American sunbelt<\/a>, including Arizona, Texas and Florida, which altogether have become the world’s new viral hotspot.<\/p>\n

In Canada, the TSX climbed 0.97% with real estate and energy leading. The vaccine news coupled with a record 10.7% jump in Canadian factory sales in May were catalysts. Air Canada<\/a> and Chorus Aviation<\/a> both soared nearly 14%. Sleep Country<\/a> rose 12.88%. Weed stocks jumped after news broke of Aurora<\/a> and Aphria<\/a> talking about a merger<\/a>, though talks broke down late last week. The two cannabis stocks climbed around 7.7%<\/p>\n

💉 Moderna<\/a> +7%
\n🏢 Marriott International Inc.<\/a> +8%
\n🏛 Goldman Sachs<\/a> +1.35%
\n🛫 Air Canada<\/a> +14%
\n🛫 Chorus Aviation Inc<\/a> +14%
\n🛏 Sleep Country Canada Holdings<\/a> +12.88%
\n🌿 Aurora Cannabis<\/a> +7.7%
\n🌿 Aphria Inc<\/a> +7.7%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets surged on encouraging results from Moderna‘s COVID-19 vaccine. In the latest tests, the drug produced antibodies to fight the virus, but some people who participated experienced side effects. Crucial phase 3 trials will begin July 27. Moderna shares soared […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-179186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/179186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=179186"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/179186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=179186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=179186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=179186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}