world economy
Written by: Li Fuyuan
2020-11-10 05:59
Last update date: 2020-11-10 06:11
Pfizer and BioNTech of Germany announced that the 2019 novel coronavirus (COVID-19) vaccine jointly developed by the United States has an effective rate of 90%. Coupled with the fading uncertainty of the US general election, investors are looking forward to a full economic restart, stimulating European and American stock markets The price of gold fell sharply, and crude oil futures soared.
The three major U.S. indexes all hit record highs on Monday. The Dow Jones Industrial Average opened 1144 points higher and reached a new high of 29,933.83 points, which is close to the 30,000 point mark. The S&P 500 Index also broke the top after opening a high gap, reaching the highest level. At 3645.99 points, the Nasdaq index was as high as 12108.07 points; however, the end of the market rebounded sharply, only the Dow and the benchmark index still rose, and the Nasdaq fell even more dragged by the penetration of leading technology stocks.
The Dow closed at 29157.97 points, up 834.57 points or 2.95%; the Nasdaq fell 181.45 points or 1.53% to close at 11713.78 points; the standard index rose 41.06 points or 1.17% to close at 3550.5 points.
In response to the progress of vaccine research and development, the home economy and home office concept stocks were sold off. Microsoft closed at US$218.39 per share, down 2.38%, Facebook reported US$278.77, down 4.99%, Apple reported US$116.32, down 2%, Amazon and Netflix respectively. Down 5.06% and 8.59%, Zoom fell 17.37%, closing at $413.24 per share.
Anthony Fauci, chief infectious disease expert of the White House, said that a vaccine with an effective rate of 50% to 60% is acceptable; and according to the requirements of the FDA (US Food and Drug Administration), a vaccine with an effectiveness of more than 50% can be approved for marketing. .
After Pfizer released the vaccine test data, the yield of U.S. Treasury rose sharply, the price of gold fell sharply, and the price of crude oil futures soared.
[US Stocks] Wall Street's stock market was roughly flat this week, setting its best performance in the past six months
U.S. stocks rose by technology stocks
[US Stocks] European and American stocks are all looking better
U.S. stocks
