GLOBAL MARKETS-World stocks hit record on vaccine hope, dollar lower for fifth straight session
A gauge of global shares climbed to a record for a third straight day and the dollar continued to slump on Wednesday as further upbeat COVID-19 vaccine news helped alleviate concerns about rising infection rates and related economic damage. On Wall Street, Pfizer Inc shares gained 0.78% after the drugmaker said its COVID-19 vaccine was 95% effective and the company would apply for emergency U.S. authorization within days. Pfizer's announcement came on the heels of a similar report from Moderna Inc on the effectiveness of its vaccine.
Published:11/18/2020 3:55:17 PM