ANI
01 Dec 2020, 04:07 GMT+10
New York [US], December 1 (ANI/Sputnik): Wall Street's broadest stocks gauge, the Dow Jones Industrial Average, posted its biggest-ever monthly gain since 1987, lifted by a rash of positive news over COVID-19 vaccine news, although it settled the day's trade itself lower.
The Dow was up 11.9 percent for November, its biggest month since January 1987, when it gained 13.8 percent.
For Monday itself, the index, one of the three main gauges on the New York Stock Exchange, finished down 0.9 percent at 29,639.
The SP 500, a barometer for the top 500 US stocks on the NYSE, rose 10.8 percent for November, its strongest advance since April's 12.7 percent. For the day, the SP 500 closed down 0.5 percent at 3,622.
The Nasdaq Composite Index, which counts on the performance of US tech stock giants such as Facebook, Apple, Amazon, Netflix and Google, gained 11. 8 percent for November, the most since April's 15.5 percent. For the day, Nasdaq settled down 0.1 percent at 12,199.
US stocks have mostly rallied through November after a flurry of positive announcements on COVID-19 vaccine trials and therapeutics.
US Health Secretary Alex Azar told a CBS interview on Monday that if all went well, Americans could get their first shots of the coronavirus vaccine before Christmas, well before any previously anticipated deadline. Azar said this after Moderna Inc became the second drug company on Monday to apply for emergency authorization with the Food and Drug Administration to push out doses to curb the virus.
Pfizer Inc, which filed for similar FDA approval earlier this month, used United Airlines to airlifted the first mass shipment of its COVID-19 vaccines to Chicago on Friday, CNBC reported. (ANI/Sputnik)Get a daily dose of Afghanistan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Afghanistan Sun.
More InformationWASHINGTON, D.C: U.S. Defense Secretary Pete Hegseth has canceled several technology service contracts worth US$5.1 billion. These...
WASHINGTON, D.C: U.S. President Donald Trump said this week that farmers might be allowed to ask the government to keep some farmworkers...
BEIJING, China: As tensions with Washington deepen, Chinese President Xi Jinping is turning his focus to Southeast Asia, with a diplomatic...
PASADENA, California: Because many people are worried about dangerous chemicals in smoke, ash, and debris from recent wildfires, Los...
WASHINGTON, D.C.: President Donald Trump, who had often complained about weak water pressure in showers, has signed an order to remove...
NEW DELHI, India: Apple has ramped up shipments of iPhones from India to the United States, chartering aircraft to move hundreds of...
Kabul [Afghanistan], April 16 (ANI): An earthquake of magnitude 5.9 has struck Afghanistan, as reported by the National Centre for...
Quetta [Balochistan], April 15 (ANI): The US-made weapons were used in Jaffar Express attack, ARY News cited The Washington Post report...
Nikol Pashinyan has said Yerevan is also prepared to dissolve the OSCE Minsk Group dedicated to mediating the Nagorno-Karabakh conflict...
Nikol Pashinyan has said Yerevan is also prepared to dissolve the OSCE Minsk Group dedicated to mediating the Nagorno-Karabakh conflict...
Tashkent [Uzbekistan], April 15 (ANI): Indian industries are eyeing Uzbekistan as a strategic hub, with Reliance Industries in talks...
New York [US], April 15 (ANI): The Uyghur region in northwest China remains under strict oversight by the Chinese Communist Party (CCP),...