Daily Poll: Stocks are red, vaccines are green.

life is bitter
and IDK what rhymes with green

Stocks closed sharply lower on Wall Street Friday after a coronavirus variant from South Africa appeared to be spreading across the globe. The $Dow Jones Industrial Average(.DJI.US)$ lost 905 points. The $S&P 500 Index(.SPX.US)$ fell 2.3%, its worst day since February and the $Nasdaq Composite Index(.IXIC.US)$ had its worst drop in two months.

Travel and energy stocks are among the biggest losers, with $Royal Caribbean(RCL.US)$ , $Carnival(CCL.US)$ , and $Norwegian Cruise(NCLH.US)$ all off over 10%.

However, there's a big contrast in one sector. Vaccine stocks went all the way up on Black Friday. Shares of the top COVID-19 vaccine developers $Moderna(MRNA.US)$ , $Pfizer(PFE.US)$ , and $Novavax(NVAX.US)$ all vaulted higher. The pandemic's latest twist makes these three stocks screaming buys even when the whole market was heading south.

Maybe you already have thousands of strategies to deal with the situation. If you don't, please help me find the word which rhymes with green and finish the beautiful poetry lol.

Source:
Stocks sink on new COVID variant; Dow has worst day of year

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more