The Dow Jones and S&P 500 posted significant gains in trading (09/11/2020). The two markets even touched intraday highs, responding to the good news from the results of the Pfizer vaccine trial which showed an effectiveness level of 90%. However, this sentiment became a negative catalyst for technology stocks, as indicated by the decline in the Nasdaq by -1.53%.
From within the country, news of the Covid-19 vaccine development also has the potential to be a good sentiment for the stock market. Technically, the JCI has almost entered the overbought area after recording rallies for the last 3 days.
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