Shares of Pfizer ( and )BioNTech ( each skyrocketed about 10%. )
The stocks of other companies working on vaccines, such as Moderna ( and )Johnson & Johnson (, also rallied. )
Meanwhile, shares of companies that make antibody and antiviral treatments (but not vaccines), including Regeneron (, )Eli Lilly ( and )Gilead Sciences (, were either flat or lagged the gains of vaccine stocks. )
Drug stocks and biotechs weren’t the only companies soaring on the hopeful vaccine news. The prospect of an effective coronavirus vaccine has people dreaming of a return to normalcy.
That’s why shares of movie theater chain AMC ( skyrocketed 60% while concert promoter )Live Nation ( was up more than 20%. Retailers surged, too: The )SPDR S&P Retail ETF (, which holds )Gap (, )Best Buy (, )Target (, )Costco ( and other big chains, was up 2%. )
Cruise lines Carnival (, )Norwegian ( and )Royal Caribbean ( all soared, as did shares of major airlines )Southwest (, )American (, )Delta ( and )United (. )
Other travel and leisure stocks, including Disney (, )Booking.com (, hotel giants )Marriott ( and )Hilton (, ridesharing firms )Uber ( and )Lyft ( and big restaurant chains )Yum Brands (, )Restaurant Brands ( and )Darden (, were up solidly too. )
End of the work-from-home and stay-at-home stock trade?
But there were also some notable market losers Monday: companies that have benefited from the work-from-home and stay at home trends.
Video conferencing giant Zoom ( plunged nearly 15%. So did shares of interactive exercise equipment company )Peloton (. )
Amazon (, )Netflix ( and )Roku ( were lower too — a potential bet that consumers may spend less time indoors shopping online and binging on TV shows and movies. )
Shares of work collaboration software company Slack ( fell about 2%. And shares of virtual health company )Teladoc (sank nearly 8%. )
And Clorox (, the maker of bleach and disinfectant wipes that has thrived during the pandemic, fell 8%. )
Source : Cnn