{"id":199532,"date":"2020-11-16T17:14:08","date_gmt":"2020-11-16T22:14:08","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=199532"},"modified":"2020-11-16T17:14:08","modified_gmt":"2020-11-16T22:14:08","slug":"markets-soar-on-moderna-vaccine-results","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-soar-on-moderna-vaccine-results\/","title":{"rendered":"Markets soar on Moderna vaccine results"},"content":{"rendered":"

Markets rallied Monday on good news from Moderna<\/a> which reported that its Covid vaccine is 94.5% effective. This follows Pfizer’s vaccine news exactly a week ago. Both companies have reported initial results, and will release full results that outside scientists will scrutinize. Though both drugs still need government approval, the news is positive.<\/p>\n

The Dow and S&P climbed 1.6% and 1.17% respectively to make new all-time highs. It’s the first time since February that the Dow made a new high. As with the Pfizer rally, tech stocks lagged, though the Nasdaq rose 0.8%. Moderna<\/a> stock was awarded a 9.58% bump with its good news. Boeing<\/a> soared over 8%, Chevron<\/a> rose over 7% and JPMorgan<\/a> gained 2.82%. The biggest winner were travel names: Carnival<\/a> up 9.74% and American Airlines<\/a> climbing 4.49% in heavy trading.<\/p>\n

Lifted by the energy sector, which jumped 5.22%, the TSX climbed 1.28%. Financials and real estate also showed strength. The recovery stocks soared: Cineplex<\/a> 15.13%, Chorus Aviation<\/a> 8.76%, Whitecap Resources<\/a> 7.77%, Brookfield Asset Management (the BAM)<\/a> 6.61%, and Manulife<\/a> 5.05%. Actually, the price of WCS slipped nearly 1%, but WTI popped over 3%. Gold remained flat. Monday’s rally lifted nearly all sectors on both sides of the border as investors looked confidently ahead. Johnson & Johnson is the next big pharma scheduled to release its own vaccine results in the coming weeks.<\/p>\n

💉 Moderna<\/a> +9.58%
\n🛫 Boeing<\/a> +8%
\n🛢 Chevron Texaco<\/a> +7%
\n🏛 JP Morgan Chase & Co<\/a> +2.82%
\n🚢 Carnival Corp.<\/a> +9.74%
\n🛫 American Airlines Group<\/a> +4.49%
\n🎞 Cineplex Inc<\/a> +15.13%
\n🛫 Chorus Aviation Inc<\/a> +8.76%
\n🛢 Whitecap Resources<\/a> +7.77%
\n🏛 Brookfield Asset Management Inc.<\/a> +6.61%
\n🏛 Manulife Financial<\/a> +5.05%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets rallied Monday on good news from Moderna which reported that its Covid vaccine is 94.5% effective. This follows Pfizer’s vaccine news exactly a week ago. Both companies have reported initial results, and will release full results that outside scientists […]<\/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-199532","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\/199532","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=199532"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/199532\/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=199532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=199532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=199532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}