Last week, Bloomberg reporter Jennifer Jacobs wrote about on a big jump in Pfizer futures, citing the election of Joe Biden rather than the news that Pfizer’s vaccine was found to be 90 percent effective.
U.S. stock futures surging today after Biden projected Saturday to be winner of the 2020 election. S&P 500 Index futures jumped almost 3%, @business reports pic.twitter.com/UhQBVM9FR5
— Jennifer Jacobs (@JenniferJJacobs) November 9, 2020
Jacobs, who is senior White House reporter for Bloomberg, failed to note that markets had already accounted for the election – +300 points following the election, as compared to +1100 following the vaccine news. Meanwhile – also likely a result of the vaccine news – stock fell for companies that have thrived during the pandemic, including UPS, Peloton and Amazon.
Hi there. Futures went up because of the vaccine announcement, giving the market a feeling that things can open back up. Meanwhile, Amazon and other services that spiked during this time of working from home are going down. pic.twitter.com/59K8XVuetf
— K (@kayenmo) November 9, 2020
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