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Showbiz Stocks, Market Roar At Open On Vaccine Hopes; AMC Ent. Surges 50%, Disney 13% As Dow Jumps

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deadline.com

Jill Goldsmith Co-Business EditorMedia and entertainment share were swept higher in a massive rally Monday morning hours after early data from drug giant Pfizer showed its vaccine is 90% effective in preventing COVID-19 infection.The Dow was up nearly more than 1,325, or 5% — it had been up more than 1,600 points in early trade.

The S&P was up 3.5%, Russell 2000 a whopping 7% and the Nasdaq 1.5%.Shares of  Pfizer jumped more than 12% after the company announced that a clinical trial showed its vaccine was more than 90% effective in preventing the virus in participants with no evidence of a previous infection.

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