Dow jumps 250 pts on vaccine optimism

Monday, 13. July 2020 13:16

Major stock market indexes in the United States soared in the premarket on Monday amid the optimistic news regarding the COVID-19 vaccine.

The US Food and Drug Administration granted the Fast Track designation to the coronavirus vaccine candidates by Pfizer Inc. and BioNTech SE. At the same time, NovaBay Pharmaceuticals Inc. announced that their disinfectant spray kills SARS-CoV-2. Stocks of BioNTech jumped 8.10% at 7:33 am ET.

The Dow Jones Industrial Average surged 0.85% or 222 points at 7:19 am ET, as the Nasdaq 100 gained 0.96% at the same time. Concurrently, the S&P 500 rose by 0.77%. The euro increased by 0.30%, buying at $1.13310 at 7:25 am ET.

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