US stocks close higher after AstraZeneca's vaccine news

Economies.com
2020-11-23 23:48PM UTC

US stock indices closed higher on Monday, lifted by the positive news about AstraZeneca's vaccine and optimism about the near end of the coronavirus crisis.

 

AstraZeneca said that its vaccine, developed in collaboration with the University of Oxford, may reach 90% efficacy in preventing Covid-19.

 

AstraZeneca added that it will be able to provide 200 million doses of the vaccine by the end of this year.

 

This came after Pfizer announced last week that its vaccine was effective by 95%, and Moderna's vaccine reached 94.5%.

 

To the oil market, WTI crude December futures rose 1.5% or 64 cents, and closed at $43.06 a barrel, after hitting a high of $43.3 and a low of $42.2.

 

Brent January futures rose 2.4% or $1.10, and closed at $46.06 a barrel, after hitting a high of $46.08 and a low of $44.8.

 

As for stocks, Dow Jones rose 1.1% or 327 points, and closed at 29,591, after hitting a day high of 29,667, and a low of 29,332.

 

Nasdaq rose 0.2% or 25 points to 11,880, with a high of 11,949 and a low of 11,796.

 

S&P 500 rose 0.5% or 20 points to 3,577, after hitting a high of 3,589 and a low of 3,552.

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