Dow Jones on track for one of the biggest 1-day point gains ever after vaccine news

The New York Stock Exchange
(Image credit: KENA BETANCUR/AFP via Getty Images)

The stock market soared on Monday as Pfizer unveiled surprisingly positive news that its COVID-19 vaccine candidate appears to be far more effective than anticipated.

The Dow Jones Industrial Average on Monday climbed over 1,000 points after Pfizer said that an interim analysis showed that the COVID-19 vaccine it's developing is over 90 percent effective, CNN reports.

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Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.