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Mid-Morning Market Update: Markets Open Higher; Moderna’s COVID-19 Vaccine Shows 95% Efficacy In Phase 3 Trial

Following the market opening Monday, the Dow traded up 1.13% to 29,812.40 while the NASDAQ rose 0.50% to 11,888.47. The S&P also rose, gaining 0.73% to 3,611.22.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 11,038,310 cases with around 246,220 deaths. India confirmed a total of at least 8,845,120 confirmed cases and 130,070 deaths, while Brazil reported over 5,863,090 COVID-19 cases with 165,790 deaths. In total, there were at least 54,482,440 cases of COVID-19 worldwide with over 1,318,610 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Energy shares climbed 3.8% on Monday. Meanwhile, top gainers in the sector included SM Energy Company (NYSE: SM), up 12%, and NACCO Industries, Inc. (NYSE: NC), up 12%.

In trading on Monday, real estate shares fell by 0.6%.

Top Headline

Moderna Inc (NASDAQ: MRNA) announced on Monday the results from phase …

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