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Dow surges 1,400 points to intraday record as Pfizer says vaccine effective

Posted on AllSides November 9th, 2020
From The Left

U.S. stocks surged Monday after Pfizer said its experimental vaccine was more than 90% effective in preventing COVID-19, a potentially huge boost to world health after the pandemic battered the global economy in the spring and led to more than one million deaths.

The Dow Jones industrial average soared 1,400 points on the news, after futures were already up 400 points overnight following Democrat Joe Biden’s defeat of incumbent Donald Trump in the U.S. presidential election. The gains helped put the blue-chip average on track to close at a record,...

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