May 18, 2020

Equities are surging today after Jerome Powell pledged additional Fed support to aid in economic recovery and a corona virus vaccine trial,  showed promising results.  All 45 patients involved in Moderna’s clinical trial produced COVID-19 antibodies, sending that company’s stock soaring 25%.  The Dow is currently up 830 points or 3.5%, and the S&P500 and Nasdaq are up 3% and 2.3% respectively.  Gold is down $23 as the positive vaccine and Fed developments are attracting investors back to stocks.