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Markets up! DOW up 1500 SPY up almost 4% on COVID Vaccine News

Posted on 11/9/20 at 6:25 am
Posted by CajunTiger92
Member since Dec 2007
2821 posts
Posted on 11/9/20 at 6:25 am
Chevron and Exxon up 6%-7%


CNBC



quote:

Stocks received a further boost during late morning trading in Europe, as U.S pharmaceutical giant Pfizer and German biotech firm BioNTech said their coronavirus vaccine was more than 90% effective in preventing Covid-19 among those without evidence of prior infection
Posted by Bawcephus
Member since Jul 2018
2747 posts
Posted on 11/9/20 at 6:28 am to
I thought my Robinhood account was glitching when I first woke up it was up so much.
This post was edited on 11/9/20 at 6:29 am
Posted by CajunTiger92
Member since Dec 2007
2821 posts
Posted on 11/9/20 at 6:36 am to
Same here. Because QQQ isn't up as much, thought something was wrong with the SPY premarket price.
Posted by Drew Orleans
Member since Mar 2010
21577 posts
Posted on 11/9/20 at 6:41 am to
Did tech take a giant shite in the last 30 minutes due to the vaccine news?
Posted by 632627
LA
Member since Dec 2011
12761 posts
Posted on 11/9/20 at 6:46 am to
Vaccine doesn’t help tech, helps everything else.

Tech thrived during pandemic.
Posted by Drew Orleans
Member since Mar 2010
21577 posts
Posted on 11/9/20 at 6:47 am to
45 minutes ago I was going to make about 15k today. Now I'll be taking a bath.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 11/9/20 at 6:48 am to
Daggum.
Posted by CajunTiger92
Member since Dec 2007
2821 posts
Posted on 11/9/20 at 6:58 am to
quote:

Did tech take a giant shite in the last 30 minutes due to the vaccine news?


Sector rotation out of COVID winners into the COVID losers. oil and gas and banks are up big, tech down. JPM is up 8%.
Posted by 632627
LA
Member since Dec 2011
12761 posts
Posted on 11/9/20 at 7:00 am to
Travel/hospitality up huge
Posted by gatorsimz
cafe risque
Member since Feb 2009
8135 posts
Posted on 11/9/20 at 7:01 am to
Interested to see where the NASDAQ ends up today. It should end down as vaccine should lead to return to work and return to in person services/entertainment = less tech intervention.
Posted by cgrand
HAMMOND
Member since Oct 2009
38804 posts
Posted on 11/9/20 at 7:06 am to
this is good for the overall market and also, good for investors heavy in tech. Very healthy and should help smooth out some of the wild swings

a rising tide lifts all boats
Posted by TigerCrude
Member since Oct 2019
1878 posts
Posted on 11/9/20 at 7:20 am to
Market will be fine is Senate is help by repubs. Do Nothings years!
Posted by deaconjones35
Thibodaux
Member since Sep 2009
9802 posts
Posted on 11/9/20 at 7:21 am to
Yeah, it’s a bloodbath for me today so far.
Posted by Drew Orleans
Member since Mar 2010
21577 posts
Posted on 11/9/20 at 7:30 am to
I hope you're right. SHOP's nosedive hurt me deep.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 11/9/20 at 7:51 am to
My Bud and DIS stock looking good! thats about it
This post was edited on 11/9/20 at 7:52 am
Posted by tigersfan1989
Baton Rouge
Member since Oct 2018
1265 posts
Posted on 11/9/20 at 7:53 am to
Disney going to the moon baws
Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 11/9/20 at 8:03 am to
guess we find out who is diversified in portfolios today im about 60/40 tech.
Posted by supadave3
Houston, TX
Member since Dec 2005
30262 posts
Posted on 11/9/20 at 8:05 am to
What’s the vaccine news?
Posted by gatorsimz
cafe risque
Member since Feb 2009
8135 posts
Posted on 11/9/20 at 3:42 pm to
NASDAQ closes down 1.53%. I imagine we'll see the Tech sell off continue tomorrow.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35334 posts
Posted on 11/9/20 at 3:47 pm to
quote:

guess we find out who is diversified in portfolios today im about 60/40 tech.


about half my portfolio is in total market funds (solid day) about 40% is in big tech and growth funds (hammered today)


But I have a shitload of VLO which mooned over 31% so I have no complaints
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