The Dow Jones Industrial Average rallied 250 points Monday, as the Pfizer Covid-19 vaccine received full FDA approval. Bitcoin climbed above $50,000 for the first time in three months. And Tesla stock looked to rise for a second straight session while Nvidia broke out past a new buy point.
Among Dow Jones leaders, Apple (AAPL) rose 0.3% Monday, while Microsoft (MSFT) moved down 0.25% in today’s stock market. Home Depot (HD) remains below a recent buy point as it rebounds from a critical support level. Tesla (TSLA) raced more than 3% higher Monday morning, looking to add to Friday’s 1% gain. The EV giant remains below a recent buy point.
Among the top stocks to buy and watch, Mercado Libre (MELI), Nvidia (NVDA), and Shopify (SHOP) are in or near new buy zones. Mercado Libre, Microsoft, and Tesla are IBD Leaderboard stocks. Nvidia is an IBD SwingTrader stock. Shopify featured in last week’s Stocks Near A Buy Zone column.
Dow Jones Today: Pfizer Covid-19 Vaccine
The Dow Jones Industrial Average rose 0.8% Monday morning, while the S&P 500 traded up 1%. The tech-heavy Nasdaq composite gained 1.3% in midday trade. Early Monday, the Covid-19 vaccine from Pfizer (PFE) and BioNTech (BNTX) received full FDA approval. The Food and Drug Administration’s clearance of the shot on Monday, for people 16 years and older, is the agency’s first full approval of a Covid-19 vaccine. The decision was expected this week, The Wall Street Journal and other news outlets reported.