Why Fastly Stock Popped This Morning
Shares of Fastly (NYSE: FSLY) were rising this morning as tech investors continued to shift their investing strategy after the Centers for Disease Control and Prevention and the Food and Drug Administration announced yesterday that they were recommending that the U.S. pause use of the Johnson & Johnson coronavirus vaccine.
The tech stock climbed as much as 7% early today and had gained 4% as of 11:26 a.m. EDT.
While there wasn't any company-specific news driving Fastly's share price higher today, some tech stocks started climbing yesterday in response to the U.S. pausing use of Johnson & Johnson's coronavirus vaccine. Some investors think that having one vaccine fewer available could slow down how fast the U.S. economy reopens.
Source Fool.com
