Vaccine boosts confidence US stocks get off to a good start

category:Finance
 Vaccine boosts confidence US stocks get off to a good start


The progress of vaccine approval further strengthened market confidence, and US stocks all rose on Tuesday. The Dow Jones index was up 156.62 points, or 28.45.1%, to close at 12356.62%, or 11.45.1%. In the session, the NASDAQ and the S & P 500 index once reached a record high.

At present, Moderna has applied for emergency use authorization of vaccine in Europe and America. Pfizer and biontech have applied to the European Union for approval of their vaccines; according to people familiar with the situation, European regulators believe that if clinical trial data can prove the safety and effectiveness of the vaccine, Pfizer and biontechs vaccine is expected to be approved by the end of this year.

Mark haefele, chief investment officer of UBS global wealth management, believes that at present, investors eyes have shifted from the epidemic itself to the economic recovery potential after the promotion of vaccine. Global stocks will have further growth space, but it is also expected that the rising plate will continue to change.

However, U.S. stock gains narrowed after U.S. Senate Majority Leader McConnell warned that there was not much time to reach an agreement on economic stimulus policies before the end of the year. In addition, McConnell rejected the more than $900 billion economic stimulus plan proposed by the Senate bipartisan panel.

In terms of plate, silver stocks and bank stocks rose, while anti epidemic concept stocks fell. Biontech fell 8.23%, Modena fell 7.69%, Pfizer rose 2.87%.

Other stocks, Tesla rose 3%. Tesla will be included in the S & P 500 once on December 21. Some market analysts believe that Tesla may fall 10% to 20% after joining the S & P 500 index; Goldman Sachs expects that Teslas share price will reach $600 before it is included in the S & P 500. In addition, Boeing was up 3.1%, intel was up 2.8%, and zoom was down 15%.

In terms of China capital stocks, the performance of new energy automobile stocks was disappointing. Xiaopeng automobile fell 10.89%, Weilai automobile fell 10.23%, and ideal automobile fell 3.14%. In addition, Touniu fell 24.11%, cheetah Mobile fell 15.55%. Rising camp, China open online and Xunlei are more than 10%.

Both gold and silver prices are rising in the day. Gold oversold led to a technical rebound. February 2021, the most actively traded gold futures market on the New York Mercantile Exchange, rose $38 on the first day from the previous day to close at $1818.9 an ounce, or 2.13%. Silver futures for delivery in March 2021 rose $1.497, or 6.63%, to $24.09 an ounce.

International oil prices continue to fall. The U.S. WTI crude oil contract closed at US $44.4/barrel, down 2.07%. Brent crude oil contract in recent months fell 1.4% to $47.21/barrel. This + oil price meeting will be postponed to next Thursday, which will enhance the uncertainty of OPEC production.

European stocks rose across the board. Europes Stoxx 600 index rose 0.65% to 391.90; Germanys DAX index rose 0.69% to 13382.30; Britains FTSE 100 index rose 1.89% to 6384.73; Frances CAC40 index rose 1.14% to 5581.64.