Dow Jones Rockets 1,300 Points on Pfizer Vaccine News; Boeing Stock Soars; McDonald's Stock Drops Despite Earnings Beat
The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 4.25% at 12:20 p.m. EST Monday after Pfizer announced that early data suggests a vaccine in development prevented COVID-19 in 90% of cases. While the results are preliminary and wide distribution of any vaccine won't happen until next year, the news sent stocks flying.
Shares of Boeing (NYSE: BA) were up big as investors became more optimistic on the recovery of the travel industry. Meanwhile, shares of McDonald's (NYSE: MCD) fell behind despite a strong third-quarter earnings report.
Image source: Getty Images.
Source Fool.com
