S&P 500, Dow hit record highs on vaccine optimism

By: |
November 09, 2020 9:10 PM

The S&P 500 and Dow hit record highs moments after the open on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.

RIL, bharti airtelOverhangs on the sector’s performance now seem to have reduced and with the preliminary recovery in economic indicators the outlook is now better than where it was a few months back.

The S&P 500 and Dow hit record highs moments after the open on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.

The Dow Jones Industrial Average rose 1,144.50 points, or 4.04%, at the open to 29,467.90.

The S&P 500 opened higher by 73.60 points, or 2.10%, at 3,583.04, while the Nasdaq Composite gained 151.43 points, or 1.27%, to 12,046.66 at the opening bell.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Sebi makes dividend distribution policy must for top 1,000 listed cos
2Mark Zuckerberg shows off his ‘edible’ Bitcoin that doesn’t look like a crypto; here’s what it is
3Sensex, Nifty end 4-day winning spree, follow weak global cues; check Nifty support, resistance levels