HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » Stock market exploding up... » Reply #6
In the discussion thread: Stock market exploding up today? [View all]

Response to at140 (Original post)

Mon May 18, 2020, 01:36 PM

6. fwiw, here's what cnbc says:

always take with a big grain of salt the "reasons" offered for why the stock market moves on any one day.


https://www.cnbc.com/2020/05/17/stock-futures-up-after-powell-says-economy-could-recover-some-this-year.html

Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine.

The Dow Jones Industrial Average traded 800 points higher, or 3.4%. The S&P 500 gained 3% while the Nasdaq Composite advanced 2.5%.

Moderna shares rallied 26% after the company reported “positive” phase one results for a potential coronavirus vaccine. The company said that after two doses all 45 trial participants had developed coronavirus antibodies.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.