Moderna COVID-19 Vaccine Success Sparks Stocks


The Dow 30 soared by 1.6% on Monday, to 29,952.61, while Nasdaq grew by 0.8% to 11,924.13, as investors expressed confidence that a new COVID-19 vaccine trial, from Moderna, would lead to the ultimate end of a pandemic that is now eight months long.

Media stocks were largely up.

Sinclair Broadcast Group finished Monday’s trading at $24.87, up 5.6%.

Nexstar Media Group soared past the $100 mark, ending the day at $104.58, a 4.7% gain.

For iHeartMedia, a 2.7% increase in value was seen, with IHRT finishing at $10.40.

Sector peer Entercom‘s shares improved by 5.9% and are now at $2.075.