Indexes in New York rose on news of progress in creating a coronavirus vaccine



Indexes in New York rose on news of progress in creating a coronavirus vaccine

Key indexes on the New York stock exchange by the end of trading on Wednesday showed moderate growth.





According to the information posted on the trading platform's website, the Dow Jones industrial index rose by 172.40 points (0.64%) to 27,012.80. The S&P 500 index, which includes the 500 largest companies in the US market, rose 19.52 points (0.60%) to 3,276.82. The NASDAQ electronic exchange index rose 28.77 points (0.27%) to 10,709.13.

The price of September futures for WTI crude oil fell by 0.21% and was at $41.81 per barrel.

As noted by the Wall Street Journal, "investors reacted positively to the information that there was progress in the development of a coronavirus vaccine." In this regard, the newspaper noted that shares of the pharmaceutical company Pfizer rose by 5.18% - to $38.59 per share-amid reports of a contract worth $1.95 billion, under which the US will receive 100 million doses of the vaccine after it is approved by regulatory authorities, and will subsequently be able to purchase another 500 million doses.





"Back in February and March, experts assured us that it would take about five years before a coronavirus vaccine was developed," the newspaper quoted Phil Orlando, head of the market strategy at Federated Hermes, as saying. - I think that the market is now very positive about the news about progress in the development of the vaccine."





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TAGS: USA, CORONAVIRUS

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