New York Stock Dow Jones Industrial Average Expected to Develop Vaccine Highs for the First Time in 9 Months November 17, 6:33
The Dow Jones Industrial Average on the 16th of the week has risen to a level approaching the $ 30,000 mark due to expectations for vaccine development of the new coronavirus, and is the highest closing price of 9 in February? Updated for the first time in a month.
The Dow Jones Industrial Average closed on the 16th at $ 29,950,44, up $ 470,63 from last weekend.
As the closing price, we have updated the highest price so far on February 12th for the first time in 9 months.
On this day, the American pharmaceutical company "Moderna" announced the provisional result that the new coronavirus vaccine under development is "94.5% effective", raising expectations for vaccine development. I did.
As a result, a wide range of stocks have been bought and the Dow Jones Industrial Average has hit a new high during the trading hours set last week.
Market officials said, "Following Pfizer's announcement last Monday, expectations for vaccine development led to buy orders for two weeks in a row. If the vaccine triggers normalization of economic activity, it will also benefit the economic outlook. As a result, the rise in non-IT stocks, such as the manufacturing and service industries, which had been on a downward trend, is conspicuous. "