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>Great news and the markets are reacting very positively to the news as well which indicates to me this could be the beginning of the end! I'd argue that has a
by aphextron 6y ago
>Great news and the markets are reacting very positively to the news as well which indicates to me this could be the beginning of the end!
I'd argue that has a lot more to do with the election uncertainty being over with. This is incredibly promising news, but probably not enough to account for SP500 jumping 400 points this morning.
- 0xffff2 6y agoS&P 500 is only up 90 points right now, and I don't see any evidence it was up 400 at any point today. More generally, The DOW is way up, S&P up moderately, and NASDAQ only up a little bit. That looks like it may well be a result of vaccine news to me, which is less good for the big tech companies that make up the NASDAQ than the broader set of companies tracked by the DOW and S&P. I would expect an election related bump to have pretty equal effects on all three indices.