On Monday, a third highly effective vaccine candidate was announced by AstraZeneca PLC (NASDAQ: AZN).
And today, the Dow Jones Industrial Index crossed 30,000 for the first time ever. At writing, it’s up nearly 500 points to 30,080, about 1.6%.
AstraZeneca’s vaccine is up to 90% effective when using a particular dosing method. Pfizer Inc. (NYSE: PFE) and Moderna, Inc. (NASDAQ: MRNA) have each announced vaccine candidates that were more than 90% effective in the preceding weeks.
The Dow Jones represents 30 of the largest and richest companies in the world.
In February, the index rose to all-time highs just shy of 30K. But as the COVID-19 pandemic spread across the globe, it sent shockwaves to the financial markets. The Dow collapsed to a low near 18,200 in March, a 38% decline.
The stimulus has been well received on Wall Street as the Dow trades at all-time highs.
While Wall Street celebrates this milestone, many on Main Street are still feeling and likely to continue to feel the effects of the recession for months to come.
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