Leading blue-chip companies that include the U.S most valuable American Bank, JP Morgan Chase; Popular Payment Company, MasterCard; and oil juggernaut, ExxonMobil saw their share price trading above 10% at the pre-opening session of the United States trading hours.
This is coming on the macro that Pfizer’s COVID-19 vaccine looks safe for human use after its successful trial update.
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What we know
- At the time of drafting this report, Mastercard was up 11% trading at $350.50,
- JP Morgan Chase was up more than 10% trading at $113.63
- Exxon Mobil traded at $37.63, up by over 15%
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Not surprising the 11 major S&P 500 sectors, the Energy dominated index soared more than 16% on soaring crude oil prices. Also, the Financials dominated index recorded impressive index gains of more than 8% on the back of a more-than -13% increase seen in the 10-year US Treasury bond yield.
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More details shortly …