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Dow futures surge by 1,300 points on Pfizer vaccine news, Biden win

November 9, 2020

Via: NBC News

Stock futures on Wall Street surged on Monday after Pfizer said its vaccine was 90 percent effective in protecting people against Covid-19.

U.S-based pharmaceutical giant Pfizer and German biotech firm BioNTech made the announcement Monday morning, citing data from their late-stage vaccine trial.

Dow Jones futures soared by 1,300 points, further advancing after post-election gains which came as former Vice President Joe Biden emerged on Saturday as victor in the presidential race, according to NBC News Decision Desk projections.

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