The US stock market continues to rise as the Nasdaq 100 and the S&P 500 touched new record highs on Tuesday driven by the positive news around the progress on the COVID-19 vaccine.
The country’s President Donald Trump announced that a vaccine is “days away” from getting cleared by the regulators, while National Institute of Allergies and Infectious Diseases (NIAID) Director Dr Anthony Fauci said that most Americans could be vaccinated before “the end of March or beginning of April.”
Pfizer US Stock hits all-time high
Shares of Pfizer Inc. hit another record high on Tuesday as positive news related to its coronavirus vaccine boosted investors sentiment.
The United Kingdom this week rolled out Pfizer’s vaccine while the company expects to get an emergency use authorization from the US Government. According to media reports, the United States Food and Drug Administration (FDA) confirmed that the company sent “adequate” information needed for a review, ahead of the approval decision set for later in the week.
Tesla To Sell Shares worth up to &5 Billion
Tesla on Tuesday announced it had entered into an equity distribution agreement to sell shares worth up to $5 billion through an “at-the-market” offering program.
This means the company decided to offer securities into an existing trading market for outstanding shares of the same class at other than a fixed price on, or through the facilities of, a national securities exchange, or to or through a market maker otherwise than on an exchange.
