As S&P 500 Roars to Near-Highs, Here's One Mindblowing Stat About Today's 100 Best- Performing Stocks
The S&P 500 index gained 87 points, or 2.5%, reaching an all-time high on Nov. 9. Today's big move higher came after it was reported that the COVID-19 vaccine candidate from Pfizer (NYSE: PFE) and BioNTech (NASDAQ: BNTX) is showing over 90% effectiveness, and on track to gain emergency-use authorization pending additional safety data in the next several weeks.
The news, along with every major independent news outlet declaring former Vice President Joe Biden would win the U.S. presidential election, had investors piling aggressively into many stocks today. Some of 2020's worst-performing stocks were today's biggest gainers. Office REIT SL Green Realty (NYSE: SLG) and retail REIT Regency Centers (NASDAQ: REG) closed up 37% and 35%, respectively, while cruise line Carnival (NYSE: CCL) shares surged 39% and oil producer Diamondback Energy (NASDAQ: FANG) moved up 31%. Even after today's big gains, all four are still down between 46% and 73% year to date.
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Source Fool.com
