|
|
|
|
|
|
by michaelmarion
2162 days ago
|
|
|
Great point. Bloomberg's Matt Levine has been referenced elsewhere in this discussion, but he had this exact point [1] in today's newsletter regarding market reactions to COVID vaccine news: "Signs of progress toward a coronavirus vaccine by Moderna propelled most corners of the stock market higher. … Most of the gains followed the release of a new study suggesting Moderna had reached a breakthrough with its coronavirus vaccine, setting the stage for a larger trial at the end of this month. Cruise-ship operators, airliners and other stocks sensitive to the coronavirus crisis led the stock market higher. Shares of Moderna rose $5.18, or 6.9%, to $80.22. Royal Caribbean Cruises Ltd. was up 21.2%. Norwegian Cruise Line Holdings Ltd. was up 20.7%. Carnival Corp. was up 16.2%. American Airlines Group Inc. was also up 16.2%. United Airlines Holdings was up 14.6%. The biggest gainers were the vaccine-sensitive industries, not Moderna itself." [1] https://www.bloomberg.com/opinion/articles/2020-07-16/a-vacc... |
|
|