Health
ASX set to open higher as Wall Street gets another vaccine boost – Sydney Morning Herald
Hopes for a coronavirus vaccine coming in the future push some investors to look past the worsening pandemic in the present.
Earlier this week, Moderna also gave encouraging early data about a vaccine its separately developing. The improved prospects for a vaccine have some investors focusing on next year, when a vaccine or two could have the global economy operating closer to normal again.
That has investors embracing stocks that were beaten down by the weakened, closed economy of the pandemic. United Airlines gained 4.2 per cent for one of the stronger gains in the S&P 500, and American Airlines climbed 3.4 per cent.
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