The S&P 500 edged higher on Monday as promising data across a range of COVID-19 vaccine candidates and hopes of more stimulus helped overcome fears around the extent of the economic damage from a surge in domestic infections.
) reported additional data from their experimental COVID-19 vaccine that showed it was safe and induced an immune response in patients. Pfizer’s shares rose 1.5%.
“Even though we had some good vaccine news, the Phase-3 trials for many of these things is the hardest part and is very difficult to get through,” said Elliott Savage, portfolio manager of the YCG Enhanced Fund in Austin, Texas.
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