Dow Recording Best Day Since April

Dow Recording Best Day Since April

Wall Street recorded its best day on Monday after more than a month due to optimistic thoughts about a potential coronavirus vaccine. Dow Jones Industrial Average finished 24.597.37 at 3.9%, higher than 911.95 points. The S&P 500 closed 3.2% to 2.953.91, while Nasdaq Kompozit rose 2.4% to 9.234.83. While Dow and S&P 500 have earned their biggest daily gains since April 6, Nasdaq has aired its best rally since April 29. The S&P 500 has closed at its highest level since March 6. Moderna shares increased by 20% after the company reported “positive” results for a potential coronavirus vaccine. The company said it developed coronavirus antibodies after 45 attempts. Tribeca Trade Group CEO Christian Fromhertz said, “This information from Moderna is part of the unknown on the market. In other words, there is a sudden reaction that continues with all the names under pressure. ” Fromhertz called these stocks a must-have. While Disney closed down 7.15%, MGM Resorts rose 10.5%. Cruise operator Carnival increased by 15.2%, while Delta and United Airlines rose more than 13%. Netflix closed with a 0.3% drop.