Just a few days after the US election is over, world pharmaceutics giant Pfizer announces that it’s COVID-19 vaccine is 90% effective. The news spread rapidly through the media and sparked a surge of the US indices.
Thus, Dow Jones gained 4,56% reaching an all-time high at 29,616, S&P 500 is up 3.20% traded at 3,620.60 reaching an all-time high, and Nasdaq is up only 1.02% with its own all-time record at 12,005. This significant update from Pfizer gave hope for the sooner renewal of travels as New-Year and Christmas holidays approach, hence stock prices of major airline companies soared as well crude oil prices, as both WTI and Brent are up almost 10%.Bitcoin is in a danger zone as it is currently traded below the MA100 on an hourly chart and is about to touch important dynamic and static support levels at $14,807.
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