- The major Wall Street indices start the new week on a firm note.
- Moderna says its vaccine candidate is 94.5% effective.
- Energy sector stocks post impressive gains to fuel the move higher.
The Major US Stock Indices have started the first day of the week in positive territory as investors celebrate the latest news on the coronavirus vaccine. At time of writing, the Dow Jones Industrial Average is up 1.2% on the day at 29,833, the S&P 500 is up 0.7% at 3,610, and the Nasdaq Composite is up 0.4% at 11,983.
Moderna announced on Monday that the interim analysis of its coronavirus vaccine candidate has shown an effectiveness of 94.5%. Furthermore, the company has stated that already has millions of dozens of your vaccine ready to ship as soon as the FDA approves it.
Among the top 11 sectors of the S&P 500, the energy sector index rises 3.2% supported by the increase in crude oil prices. At the moment, a barrel of West Texas Intermediate WTI is up 3.3% on the day at $ 41.45. On the other hand, the defensive real estate index remains unchanged on the day.
S&P 500 daily chart
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