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Dow futures surge more than 1,700 points, putting Wall Street on track for a record-setting open
CNBC ^

Posted on 11/09/2020 6:16:45 AM PST by springwater13

Investors cheered on Monday after drugmakers Pfizer and BioNTech said trial data indicated their Covid-19 vaccine is 90% effective.

Many on Wall Street applauded the announcement as a sign that the pharmaceutical industry may soon have a viable way to control a disease that has derailed the U.S. economy for much of 2020 and has killed more than 230,000 Americans.

Futures on the Dow Jones Industrial Average surged 1,718 points, or 6.1%, implying an opening gain of more 1,700 points, or 6%. The Dow’s previous intraday record was 29,568.57, about 1,245 points from Friday’s close.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: dow
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Just as President Trump said. Nobody is going to talking about COVID after the election. The vaccine as part of Trump's warp drive campaign is found to be 90% effective. COVID will be but a distant memory soon.
1 posted on 11/09/2020 6:16:45 AM PST by springwater13
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To: springwater13

Just a coincidence the FDA held this information until after the election....


2 posted on 11/09/2020 6:18:24 AM PST by G Larry (There is no merit in compromising with the Devil.)
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To: springwater13

S&P 500 should hit an all-time high today. The Trump Boom rolls on!!


3 posted on 11/09/2020 6:18:42 AM PST by No_Mas_Obama
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To: No_Mas_Obama

And the news was put out pretty much right after the election.

That’s great.

SMH


4 posted on 11/09/2020 6:20:01 AM PST by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: springwater13

“COVID will be but a distant memory soon.”

Cv19 is a scamdemic and a deep state control mechanism. The vaccine is part of the mechanism. Not needed, and no thanks.

We already have effective early and late stage cv19 treatments, for that matter treatments for all viral infections which make a cv19 vaxx pointless.


5 posted on 11/09/2020 6:21:16 AM PST by SecAmndmt (Arm yourselves!)
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Pharma didn’t know this a week ago?


6 posted on 11/09/2020 6:22:13 AM PST by Gene Eric (Don't be a statist!)
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To: springwater13

And they will give Biden all the credit.


7 posted on 11/09/2020 6:22:34 AM PST by rightwingintelligentsia (Democrats: The perfect party for the helpless and stupid, and those who would rule over them.)
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To: No_Mas_Obama

Thank you, POTUS, Donald J. Trump...Americans, the vast majority of us love you and your family. May God bless you forever. All of decent Americans are praying for you...sir!!! Have a rally, Trump, and millions of Americans will come forward!!!


8 posted on 11/09/2020 6:23:27 AM PST by JLAGRAYFOX (Defeat both the Republican (e) & Democrat (e) political parties....Forever!!!)
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To: springwater13

It is funny how they are trying to include Biden as a reason for the surge.


9 posted on 11/09/2020 6:23:43 AM PST by DEPcom
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To: rightwingintelligentsia

Wall Street is loving Biden as President (an impotent President they control) along with a Republican Senate (controlled). Bye bye trade wars, hello more globalism. If you have a large portfolio, you’ll be fine with President Biden. If you depend on manufacturing or oil/gas or other working class jobs, you are going to suffer.


10 posted on 11/09/2020 6:24:48 AM PST by springwater13
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To: dp0622

I don’t know how these stock market responses are “assigned” to different things.

I think market analysts and reporters may just pull it out of a hat.

Trump should claim the Bump. “The market knows I will prevail.”

Drive the rioters into the streets.


11 posted on 11/09/2020 6:26:43 AM PST by Empire_of_Liberty
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To: rightwingintelligentsia

“And they will give Biden all the credit.”

They will! And the sad thing is, the American public will unquestioningly believe it.

Just as anything bad that happens for the next four years will be Trump’s fault.

I’ve had a horribly low opinion of the American public and this past week has pushed it lower. I can’t stop myself from being revolted by my neighbors who posted Biden signs.


12 posted on 11/09/2020 6:30:36 AM PST by brownsfan (Behold, the power of government cheese.)
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To: G Larry

Exactly what I was thinking.


13 posted on 11/09/2020 6:30:53 AM PST by governsleastgovernsbest
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To: rightwingintelligentsia

“And they will give Biden all the credit.”

Agreed. And the totally dumb ass voting public will never know the difference.


14 posted on 11/09/2020 6:31:09 AM PST by redfreedom
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To: springwater13

The investor community sees that Pdjt actually won re-election and they see the matter is in very capable hands to be corrected... — the best news possible for the economy, investments, and business


15 posted on 11/09/2020 6:31:17 AM PST by faithhopecharity (Politicians are not born, they are excreted. Marcus Tullius Cicero (106 to 43 BCE))
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To: JLAGRAYFOX

He needs to come out and remind everyone this is his doing, he owns this accomplishment before the media declare it is because of Biden. People have short memories. All they’ll remember is if Biden gets in is that 2021 was the year Covid got conquered.


16 posted on 11/09/2020 6:32:23 AM PST by lilypad
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To: faithhopecharity

I believe you are correct.
The evil of this election will be sorted out over the next few weeks.

I do think there will be violence.
Prepare your hearts, minds, and souls.


17 posted on 11/09/2020 6:33:30 AM PST by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything)
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To: springwater13

WOW... Biden is so effective as president for the economy and the stock market, before he has even taken office!


18 posted on 11/09/2020 6:34:14 AM PST by entropy12 (No president of past kept as many promises as PDJT.)
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To: springwater13

Just how did they determine 90% effectiveness? Were they doing challenge tests? With control groups? If so with what sample sizes were used?


19 posted on 11/09/2020 6:34:21 AM PST by 9YearLurker
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To: springwater13

Naah, this is a reaction to the Biden victory. Besides, when people get the shot it will be BidenVaccine.


20 posted on 11/09/2020 6:34:48 AM PST by SJackson (Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself, M Twaini)
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