Vaccine news prompts good day for stock market
SAN ANTONIO โ Investors saw some light at the end of the long, dark tunnel Monday, rallying the stock market on news that Pfizerโs COVID-19 vaccine appears to be highly effective. Pfizer says COVID-19 vaccine is looking 90% effectiveThe Dow Jones Industrial Average stock market index road a roller coaster on Monday, rocketing 1,600 points mid-day, only to come back down to an 834-point rise for the day. โWe can see with this new Pfizer drug we can get out of this,โ said Rudy Torres, CEO of Torres Financial Services. Thatโs still likely months away as itโs unclear yet when a COVID-19 vaccine will be available to the general public. "Thatโs going to affect the stock market.
SA companies take stock market plunge amid coronavirus fears
SAN ANTONIO โ Editorโs note: This story is published through a partnership between the San Antonio Business Journal and KSAT. Most public companies based in the San Antonio area took a hit as fears about the growing coronavirus outbreak caused the stock market to plummet this week. The Dow Jones Industrial Average fell 1,031 points on Monday โ the third-largest drop in the Dowโs 124-year history โ dragging most of San Antonioโs public companies down. The CDC reported last week that while the virus has not spread into the U.S. yet, the agency is not ruling out the worst possible scenarios. โThe day may come where we need to implement such measures in the U.S. communities.โRead the full story on the San Antonio Business Journal.