Monday, May 18, 2020

Fwd: News Alert: Dow jumps nearly 700 points after Moderna’s coronavirus vaccine trial data yields promising results



The biotech company said that an early human trial of its vaccine successfully produced covid-19 antibodies in participants and that it plans to launch a large clinical trial in July. Investors also found reassurance in a weekend interview with Federal Reserve Chair Jerome H. Powell, who said the central bank is "not out of ammunition by a long shot" in its ability to support the economic recovery — which he warned could stretch into 2021.
 
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News Alert May 18, 9:38 AM
 
 
Dow jumps nearly 700 points after Moderna's coronavirus vaccine trial data yields promising results

The biotech company said that an early human trial of its vaccine successfully produced covid-19 antibodies in participants and that it plans to launch a large clinical trial in July.

Investors also found reassurance in a weekend interview with Federal Reserve Chair Jerome H. Powell, who said the central bank is "not out of ammunition by a long shot" in its ability to support the economic recovery — which he warned could stretch into 2021.

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