Dow Hits New High After Moderna Says Vaccine Is 94.5% Effective

By Timothy Sykes

Last updated on February 2, 2021
Dow Hits New High After Moderna Says Vaccine Is 94.5% Effective Thumbnail

Moderna, Inc. (NASDAQ: MRNA) released a preliminary report indicating that its COVID-19 vaccine is 95% effective at protecting people from the virus.

This report came exactly one week after Pfizer Inc. (NYSE: PFE) released a preliminary report that indicated its vaccine was 90% effective.

Both vaccines are still in the trial phase, but markets are clearly excited about the back-to-back positive trial results.

MRNA traded above $103 per share, setting a new record all-time high for the stock.

All the major indexes traded higher after the breaking news this morning.

The Dow Jones Industrial Average set a new intraday high just shy of 30,000. It’s trading up more than 1% at writing.

The S&P 500 is up slightly less than 1% at writing. The only day it traded higher was last Monday directly after Pfizer’s announcement.

Both Moderna and Pfizer plan to file for emergency use authorization with the FDA in the coming days. Authorization could come as early as next month.

Once approved, distribution of the vaccines could begin in early 2021.

Posts contain affiliate links. may get compensated for affiliate posts and purchases through links


How much has this post helped you?

star star star star star
Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

Leave a Reply