The S&P 500 climbed to an intraday record high on Monday as economically sensitive shares rallied on news that the Food and Drug Administration granted Pfizer and BioNTech full approval of their Covid-19 vaccine.
| MON, AUG 23, 2021 | | | DOW | NAME | LAST | CHG | %CHG | AAPL | 149.71 | +1.52 | +1.03% | INTC | 53.23 | +1.22 | +2.35% | MSFT | 304.65 | +0.29 | +0.10% | |
| S&P 500 | NAME | LAST | CHG | %CHG | PFE | 49.93 | +1.21 | +2.48% | AMD | 108.77 | +4.12 | +3.94% | F | 12.73 | +0.16 | +1.27% | | | NASDAQ | NAME | LAST | CHG | %CHG | AMD | 108.77 | +4.12 | +3.94% | AAPL | 149.71 | +1.52 | +1.03% | NVDA | 219.58 | +11.42 | +5.49% | | | | The S&P 500 climbed to an intraday record high on Monday as economically sensitive shares rallied on news that the Food and Drug Administration granted Pfizer and BioNTech full approval of their Covid-19 vaccine. The broad equity benchmark rose 0.8% to 4,479.53, led by the energy sector, which jumped more than 3%. The tech-heavy Nasdaq Composite gained 1.5% to 14,942.65, closing at an all-time high. The Dow Jones Industrial Average advanced 215.63, ending the day at 35,335.71. Travel and leisure stocks jumped in tandem on the vaccine news, with Delta Air Lines rising 2.8% and American Airlines climbing 3.3%. Carnival gained 3.9%, and Norwegian Cruise Lines added 4.2%. "Amid another record high last Monday it's remarkable that we're looking to start the week yet again on the upside," said E-Trade Financial's Chris Larkin. "The gains last week couldn't make up for the losses following the Fed confirming its intentions to taper its purchasing program." Traders are eagerly awaiting the central bank's annual Jackson Hole, Wyo. symposium for clues on the Fed's timeline for dialing back its $120 billion a month bond-buying program. The event, originally scheduled as an in-person gathering, will now take place virtually on Thursday and Friday for the second year in a row. |
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