11/9/2020, 2:48 PM (Source: TeleTrader)
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Dow rallies on, soars 1,700 pts in premarket on vaccine news

The Dow Jones Industrial Average continued its upward trajectory ahead of the week's first trading session, surging more than 6% or 1700 points in the premarket to top 30,000 points.

After the optimistic vaccine news which came from Pfizer and BioNTech, Novavax added to the sentiment with an announcement stating that its COVID jab candidate obtained a fast-track designation from the United States Food and Drug Administration.

The Dow Jones rocketed 5.95% or 1706 points at 8:47 am ET, while the Nasdaq 100 grew by 1.19% at the same time. A minute after that, the S&P jumped 4.46%. The euro increased by 0.10% versus the dollar, selling for 1.18908 at 8:51 am ET.

Breaking the News / BU