26.05.2020 DOW JONES Daily Analysis

26.05.2020 DOW JONES Daily Analysis

The American Markets were closed on Monday in observance of Memorial Day but the markets are indicating opening up higher on Tuesday after dropping 0.03%(8.96 points) 0n Friday to close at 24465.16. Overall last week the Dow was up 3.3% What seems to be pushing the markets this week is positive news that Novavax, the Biotech company, is starting it's Phase 1 human trials of its vaccine candidate. “As is the financial market’s want these days though, even the slimmest of positive news on the Covid-19 front trigger a bullish immune response and another wave of the peak-virus trade,” said Jeffrey Halley, senior market analyst, Asia Pacific. The trial will enroll 130 healthy adults and the results are expected to be released in July At the moment investors seem to be ignoring the U.S-China tensions and focusing on the broader picture which is re-opening of the world economy especially the major world economies