Dow set to soar 1,500 points after Pfizer says its Covid-19 vaccine is 90% effective

A health worker injects a person during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida on Sept. 9.

US stock futures surged Monday morning after Pfizer said its Covid-19 vaccine is 90% effective.

Dow futures soared some 1,500 points, or 5.6%. S&P 500 futures were up 4.5%. Yet Nasdaq futures were only 0.7% higher as many tech stocks that benefited during stay-at-home orders went into reverse.

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