November 9, 2020, 9:15 am EST
Pfizer Inc (PFE) is up +14% in pre-market trades. Its COVID-19 vaccine reaches 90% effectiveness for boosting the entire stock market DJIA +1700 points as shown.
Long-waiting vaccines are critical for the US and whole world in dealing with deadly diseases. Obviously, many businesses and economies will see hopeful outcomes if the situation begins to improve.
Technically, new high means very bullish bias no matter how you analyze the stock markets. So, keep upbeats.