Dow up over 400 pts at opening after vaccine news

Monday, 16. November 2020 15:30

Major stock markets in the United States traded higher at the opening on Monday after Moderna Inc. announced its vaccine candidate against coronavirus showed 94.5% efficiency in the interim research. National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci subsequently said a vaccine could be made available by late December. Meanwhile, German Economy Minister Peter Altmaier expressed his hopes Washington would improve its trade relations with the European Union under President-elect Joe Biden.

The Dow Jones Industrial Average soared 1.32% or 410 points at the opening as Chevron Corporation advanced by 3.73%. The S&P 500 rose by 0.90%, with Kimco Realty Corporation increasing by 6.89%. On the other hand, the Nasdaq 100 went down by 0.20% as declined by 5.33%.

The euro stood flat against the dollar to sell for $1.18294 at 9:28 am ET.

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Breaking the News / JR