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New York Stock Market Opens Strong on COVID Vaccine Progress and Goldman Sachs' Strong Earnings

New York Stock Market Opens Strong on COVID Vaccine Progress and Goldman Sachs' Strong Earnings [Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The New York stock market started strong on the 15th (local time).


As of 9:35 a.m., right after the opening of the New York stock market, the Dow Jones Industrial Average is up 1.3%, the S&P 500 is up 1.02%, and the Nasdaq is up 0.54% respectively.


The major indices of the New York stock market are interpreted to be showing strength due to positive results from Moderna's COVID-19 vaccine clinical trials announced after the previous day's market close, and the surprise earnings report from investment bank Goldman Sachs released before today's opening.


Moderna's stock price has risen about 10%, and Goldman Sachs about 3%, leading the market's gains.


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