Globe Advisor
 

July 15, 2020

 
 
Latest market wrap
 
The close: Markets rise on vaccine hopes, travel stocks surge
 

ALY SONG/Reuters

The close: Markets rise on vaccine hopes, travel stocks surge
Canadian and U.S. stocks ended higher on Wednesday, following promising early data for a potential COVID-19 vaccine and a strong quarterly report from Goldman Sachs. It was the highest close for the TSX since March.

 
Moderna Inc rallied after a small-scale study showed its experimental COVID-19 vaccine produced high levels of virus-killing antibodies.

 
Travel-related stocks Carnival Corp, Royal Caribbean Cruises Ltd, Marriott International and Wynn Resorts surged, as did the S&P 1500 airlines index. On the TSX, Air Canada gained 13.82% and Chorus Aviation 13.37%.

 
 
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About This Newsletter
The Globe Advisor: Premarket Update newsletter provides a breakdown on the markets and stocks on the move for financial advisors. Visit the Globe Advisor section.

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