Erased early declines on Pfizer/BioNTech vaccine news

The major US stock indices are higher across the board after a positive vaccine report from Pfizer/BioNTech led to a sharp reversal in premarket stock levels. A snapshot of the major indices currently shows:

  • S&P index up 16.69 points or 0.54% at 3116.98
  • NASDAQ index up 45 points or 0.45% at 10103.85
  • Dow industrial average up 175.44 points or 0.68% at 25988.32.

In the US debt market, yields are higher but little changed from earlier New York levels:

  • 2 year 0.154%, +0.5 basis points
  • 5 year 0.308%, +2.0 basis points
  • 10 year 0.690%, +3.4 basis points
  • 30 year 1.453%, +4.2 basis points