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Jakarta, CNBC Indonesia – Tech stocks on the US Wall Street Stock Exchange closed collapsed on Monday US time (09/11/2020) or Tuesday morning (10/11) Indonesia time inclusive the two main exchanges, namely the New York Stock Exchange (NYSE) and the Nasdaq Stock Exchange.
The plunge in stocks in this sector generated sentiment from the announcement that the corona virus by Pfizer was effective in overcoming Covid-19.
Referring to data on the closure of business on CNBC, Dow Jones Industrial Index The average (DJIA) increased 834.57 points or 2.95% to 29,157.97. This is the highest since June 5.
The S&P 500 Index also rose 41.06 points or 1.17% to 3,550.5. Meanwhile, the Nasdaq Composite fell 181.45 points, or 1.53%, to 11,713.78.
“Election uncertainty is starting to fade … We now have a boost of investor enthusiasm after the vaccine news,” said Michael Antonelli, market strategist at Baird in Milwaukee, Reuters reported Tuesday (10 /eleven).
“All kinds of companies before Covid had a positive effect, today they are big winners.”
“The vaccine is beginning to erase the worst scenario that we got out of hand and return to a national lockdown. The market is looking to the future, towards the first and second quarters of next year,” he said.
In terms of share price movements, Pfizer shares closed up 7.7%. Previously, the company’s shares had risen 15.4%. However, Zoom plummeted more than 17.37 %% while in service transmission Netflix Market 8.59% 470.50 on the Nasdaq
Pfizer, an international healthcare company based in New York City, United States, is listed on the New York Stock Exchange (NYSE) under the stock code PFE.
The US-based pharmaceutical company collaborated with Germany’s BioNTech and announced a trial of the Covid-19 vaccine in around 44,000 subjects that was 90% effective in preventing diseases caused by the corona virus (Covid-19). without dangerous side effects.
“It seems that this [vaksin Pfizer] “Finally, it is the good news that global markets have been waiting for months, during a gloomy period in which the pandemic appears to be worsening in regions such as the United States and Europe,” Kitco wrote.
In the DJIA, the shares that collapsed were Microsoft Corp minus 2.38%, Apple Inc fell 1.99%, while Nasdaq Zoom Video the shares fell 17.37%, Paypal Holding minus 8.88% and Biogen Inc collapsed 28.16%.
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