Stock trading volumes jump significantly on Monday after the positive news from Pfizer about successful trials of Coronavirus Vaccine.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After the news was broken about the first successful data from a large-scale clinical trial of a coronavirus vaccine, equities price increased significantly and small retail traders complained about the technical difficulties due to which they missed out on the rally
Equities rallied after the first successful data from a large-scale clinical trial of a coronavirus vaccine caused a stampede to buy stocks.
It was reported by the Monitoring website Downdetector.com that the customers faced problems in logging in or place an order for Merrill Lynch, Fidelity, Charles Schwab Corp, TD Ameritrade and Vanguard.
Charles Schwab and TD Ameritrade posted on Twitter and said that problem has been solved.
The Bank of America rejected the outage claims about Merrill Lynch accounts from Downdetector.com
IG Group said that Pfizer announcement resulted in extraordinary trading of volumes in 30 minutes which broke a previous record set in March when markets recorded sharp falls at the peak of virus-related restrictions.
AJ Bell analyst Laith Khalaf said that it is ridiculousthat a piece of news could eclipse the result of a U.S. Presidential election, but Pfizer’s vaccine results have done just that.
Oil prices rose by 10% after the vaccine trial news confirmed that it is more than 90% effective in preventing COVID-19. Retail equities surged since march as shares went up due to government positive response for announcing financial package to counter coronavirus impact.
Stockbrokers and traders rushed to buy the stocks of oil companies, hospitality groups, fashion retailers and airlines after the news was made public. cinema operators AMC and Cineworld share price went up by 40%.
