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S&P 500, Dow hit record highs on vaccine optimism

Georgia Asian Times by Georgia Asian Times
November 9, 2020
in Business, Headline

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 19, 2018. REUTERS/Brendan McDermid

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New York, Nov 8, 2020 – The S&P 500 and Dow hit record highs moments after the open on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.

The Dow Jones Industrial Average rose 1,144.50 points, or 4.04%, at the open to 29,467.90.

The S&P 500 opened higher by 73.60 points, or 2.10%, at 3,583.04, while the Nasdaq Composite gained 151.43 points, or 1.27%, to 12,046.66 at the opening bell.

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