CNBC: Dow posts 4-day winning streak, jumps more than 200 points on virus vaccine hopes, Goldman earningsStocks rose Wednesday on the back of positive coronavirus vaccine news and a blowout quarter from Goldman Sachs.
The Dow Jones Industrial Average closed 227.51 points higher, or 0.9%, at 26,870.10. It was the Dow's fourth straight daily gain. The S&P 500 was up 0.9% at 3,226.56. The Nasdaq Composite gained 0.5% to end the day at 10,550.49. The Russell 2000 — which is made up of small-cap stocks — rallied 3.5% for its biggest one-day gain since early June.
Data published by the New England Journal of Medicine showed Moderna's coronavirus vaccine produced a "robust" immune response, or neutralizing antibodies, in all 45 patients in its early stage human trial. The news sent Moderna shares up 6.9%.
Stocks directly tied to an economic reopening jumped following the vaccine news. American Airlines, United Airlines, and Royal Caribbean Cruise Lines all popped more than 14%. Gap jumped 12.7% and Kohl's gained more than 9%.
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Will we see 10-14% rise here today too!!!!!!!!
