Look at what happened to the stock market on the day Pfizer announced its results
People are likely to miss the extent of the market reaction, due to a focus on market indexes which include both companies that benefit from the pandemic and those that are hurt by it.
The S&P 500 initially rose 4% in response to the vaccine news, but gave back most of those gains by the end of the day.
Here’s a selection of interesting reactions (Monday’s close versus Friday’s close):
People are likely to miss the extent of the market reaction, due to a focus on market indexes which include both companies that benefit from the pandemic and those that are hurt by it.
The S&P 500 initially rose 4% in response to the vaccine news, but gave back most of those gains by the end of the day.
Here’s a selection of interesting reactions (Monday’s close versus Friday’s close):
Zoom Video −17%
Alpha Pro Tech [makes PPE] −15%
Amazon −5%
Hawaiian Holdings [airline] +51%
AMC Entertainment [movie theaters] +51%
Norwegian Cruise Line +27%
Lyft +26%
Cedar Fair [amusement parks] +25%