US stocks rise sharply after Moderna says vaccine is 94.5% effective

US stocks were poised to hit new record highs on Monday after Moderna said that its experimental Covid-19 vaccine is highly effective, heralding another breakthrough in the fight against coronavirus that could eventually help the world's biggest economies recover from deep recessions.

News: What you need to know about the markets     US stocks rise sharply after Moderna says vaccine is 94.5% effective US stocks were poised to hit new record highs on Monday after Moderna said that its experimental Covid-19 vaccine is highly effective, heralding another breakthrough in the fight against coronavirus that could eventually help the world's biggest economies recover from deep recessions. Read more »   George Soros buys a stake in big data firm Palantir Two heavy hitters of the investment world recently bought stakes in Palantir, the secretive and controversial big data firm backed by Peter Thiel that began trading on Wall Street in September. Read more »   Investors are getting greedy again The stock market, amazingly enough, is near an all-time high. Optimism about a coronavirus vaccine from Moderna is trumping renewed worries about another surge in Covid-19 cases. It seems safe to say that investors are feeling more greedy than fearful. Read more »   HBO Max is finally available on Amazon Fire TV It took a while, but HBO Max is finally available on Amazon Fire TV. Read more »   Vaccine news is great. It won't help the economy much this winter Positive reports on the efficacy of Covid-19 vaccines from Moderna and Pfizer are extremely good news for a world battling a crippling pandemic. Read more »   Cinnabon is selling its frosting by the pint It's 2020 and many people are indulging on junk food. Cinnabon has a new idea to encourage that habit. Read more »

Dow Nasdaq S&P +470.63   +94.84   +41.76 29,950.44   11,924.13   3,626.91 +1.60%   +0.80%   +1.16% YTD +4.95%   YTD +32.89%   YTD +12.26%

Biggest Winners TechnipFMC PLC +12.18%   Schlumberger NV +11.33%   Carnival Corp +9.74%   National Oilwell Varco Inc +9.65% Biggest Losers FirstEnergy Corp -3.42%   Pfizer Inc -3.34%   Cabot Oil & Gas Corp -3.23%   Danaher Corp -2.14%

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Key Market Stats Latest Today's Change Oil $41.50 +0.16 / +0.39% Gold $1,888.20 +0.40 / +0.02% 10-yr 0.91% +0.01 Euro $1.19 +0.00 / +0.09%

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