Dow increases almost 600 points with the launch of J&J coronavirus vaccine

US stock markets rebounded on Monday morning, with investors celebrating the approval of a third COVID-19 vaccine and the US House of Representatives approving a $ 1.9 trillion aid package.

Ticker Safety Last Change Change %
I: DJI DOW JONES AVERAGE 31519.35 +586.98 + 1.90%
SP500 S&P 500 3877.37 +66.22 + 1.74%
I: COMP NASDAQ COMPOSITE INDEX 13416.044385 +223.70 + 1.70%

The Dow Jones Industrial Average rose 420 points, or 1.36%, while the S&P 500 and Nasdaq Composite gained 1.5% and 1.74%, respectively.

President Biden’s COVID-19 relief package passed the House in a 219 to 212 vote, mostly on party lines, which saw two Democrats vote against the measure.

The bill, which gives checks of $ 1,400 to most Americans and extends unemployment insurance among other things, has been criticized by Republicans as a “blue state bailout”, with only 9% of the money destined for pandemic relief. .

BITCOIN BUYERS PUNISHED BY SURGING BOND YIELDS

Ticker Safety Last Change Change %
JNJ JOHNSON & JOHNSON 160.84 +2.83 + 1.79%

In stock, the Johnson & Johnson single-dose COVID-19 vaccine has received emergency use authorization from the United States Food and Drug Administration and is expected to begin shipping 4 million doses immediately.

Ticker Safety Last Change Change %
DAL DELTA AIR LINES INC. 49.37 +1.47 + 3.07%
RCL ROYAL CARIBBEAN CRUISES 92.50 -0.91 -0.97%
SEA MARRIOTT INTERNATIONAL, INC. 149.02 +0.95 + 0.64%

News of another vaccine boosted airlines, cruise ship operators and other companies that were hit hard by restrictions designed to slow the spread of COVID-19.

Ticker Safety Last Change Change %
XOM EXXON MOBIL CORP. 57.07 +2.75 + 5.06%
CVX CHEVRON CORP. 103.07 +3.30 + 3.31%

Elsewhere, ExxonMobil Corp’s stock skyrocketed after CNBC reported that activist investor Jeff Ubben will join the company’s board of directors.

Ticker Safety Last Change Change %
BRK.B BERKSHIRE HATHAWAY, INC. 248.45 +7.92 + 3.29%

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In earnings, Berkshire Hathaway reported that operating revenue, Warren Buffett’s preferred measure of performance, grew 14% over the previous year. The company, which repurchased $ 25 billion in shares in 2020, plans to continue with share repurchases in the current fiscal year.

Ticker Safety Last Change Change %
DKNG DRAFTKINGS 66.85 +5.32 + 8.65%

DraftKings Inc. received several updates and price increases after the sports betting platform last week raised its outlook for the current fiscal year.

In commodities, West Texas Intermediate crude rose 2 cents to $ 61.52 a barrel and gold added $ 7.70 to $ 1,736.50 an ounce.

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Global markets were booming in all areas.

France’s CAC 40 followed the advance in Europe, trading up 1.31%, while Britain’s FTSE 100 and Germany’s DAX 30 rose 1.2% and 1%, respectively.

In Asia, Japan’s Nikkei 225 rose 2.41%, Hong Kong’s Hang Seng index rose 1.63% and China’s Shanghai Composite index rose 1.21%.

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