Dow Notches 4-Day Winning Streak on Positive Vaccine News
Investing.com – The Dow notched its fourth-straight daily gain on Wednesday as positive vaccine news and earnings from banks boosted investor sentiment.
The Dow Jones Industrial Average rose 0.85%, or 227 points, the S&P 500 gained 0.93%, while the Nasdaq Composite added 0.59%.
Drugmaker Moderna (NASDAQ:MRNA) jumped 6.9% after reporting that its coronavirus vaccine candidate, mRNA-127, produced antibodies in patients aged 18 to 55, suggesting the treatment could protect against infection by the virus.
Some on Wall Street, however, said it was too early to draw a conclusion from the early-stage clinical data.
"Many open questions obviously remain, including on immune response durability, and what the profile might look like in older adults, but we believe the data represent a good start," Chardan analysts said in a note.
Coronavirus: Oxford University researchers claim positive results from COVID-19 vaccine trials.
Researchers from Oxford University have received positive results from trials on a vaccine for COVID-19, they claim.
Research published in the journal Lancet claims an experimental vaccine — labelled ChAdOx1 nCoV-19 — was tested on more than 1000 people and prompted a protective immune response in those aged 18 to 55.
“The vaccine was safe and tolerated,” researchers wrote.
“Preliminary results from a phase 1/2 trial involving 1077 healthy adults found that vaccine induced strong antibody & T cell immune responses up to day 56 of the ongoing trial,” the Lancet wrote when announcing the breakthrough on social media on Monday night.
Its all gone crazy again over East.
Trump has come to his senses and realises that Covid is not just going to go away.
It took Johnson to get the virus to see the error of his ways.
Hope everyone is staying safe over in the East.
Well folks we have now gone into level 3 in Auckland and we are in lock down we have to stay in the greater Auckland area.
They have road block in the south and in the north and they are turning people around and sending them home. We will find out tomorrow at what level we might end up with. As they don't know where the virus came from, we can have a carrier who is spreading it around.