Vaccine Hope Sent These Retailers Soaring Monday
Shares of Ross Stores (NASDAQ: ROST), Macy's (NYSE: M), The TJX Companies (NYSE: TJX), and Kohl's (NYSE: KSS), all well-known apparel retailers, jumped between 16% and 33% higher today after Pfizer delivered great news regarding its leading COVID-19 vaccine candidate.
It was a great Monday morning for the markets as both the S&P 500 and the Dow Jones Industrial Average topped their previous intraday record highs driven by positive vaccine news from Pfizer. Pfizer announced its vaccine candidate was found to be more than 90% effective in preventing COVID-19 in participants who had not previously been infected. Furthermore, with a study that enrolled over 43,500 participants across diverse backgrounds, no serious safety concerns were observed.
"With today's news, we are a significant step closer to providing people around the world with a much-needed breakthrough to help bring an end to this global health crisis," said Albert Bourla, Pfizer chairman and CEO, in a press release. "We look forward to sharing additional efficacy and safety data generated from thousands of participants in the coming weeks."
Source Fool.com
