Tuesday, January 26, 2021

Global Market Square

By on November 23, 2020

The U.S. stock markets reacted positively to the announcement Monday of the third vaccine to fight the COVID-19 pandemic; some people say the third time is the charm. =

AstraZeneca announced its vaccine candidate had shown up to 90% effectiveness against Covid-19. Also, Regeneron received emergency use authorization in the U.S. for its antibody treatment; this is the same treatment used to treat President Donald Trump.

Investors continue to react to news of cases surging and working vaccines, as most continue a portfolio rotation to benefit from those stocks that were impacted by the pandemic.  

As we approach the Thanksgiving holiday, we note the surging infection cases in the following locations:

  • California: 387%
  • Pennsylvania: 242.9%
  • New Jersey: 241.5%
  • New York: 231.2%
  • Massachusetts: 156.9%
  • Puerto Rico: 59.24%.

Wall Street summary for November 23, 2020,

  • The Dow Jones Industrial Average closed at 29,591.27, up 327.79 points, or 1.12%  
  • The Standard & Poor’s 500 closed at 3,577.59, up 20.05 points, or 0.56%.
  • The Nasdaq Composite Index closed at 11,854.97, up 25.66 points, or 0.22%.
  • The Birling Puerto Rico Stock Index closed at 1,902.91, down 5.29 points, or 0.28%.
  • The U.S. Treasury 10-year note closed higher at 0.86%
  • The U.S. Treasury 2-year note closed at 0.16%

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