Why Boeing, ConocoPhillips, and Phillips 66 Shares Ripped Higher on Monday

Stock markets are roaring higher today, with the S&P 500 up a solid 1% at 10:40 a.m. EST, and we have another coronavirus vaccine to thank for it.

One week ago to the day, news that Pfizer and BioNTech have a coronavirus vaccine candidate with 90% proven effectiveness sent stock markets soaring on hopes that the pandemic will soon be ended. Today, the exact same thing is happening, but this time, Moderna (NASDAQ: MRNA) is moving the market with its mRNA-1273 coronavirus vaccine, which is reportedly effective 94.5% of the time.

Once again, the effects of this good news are spreading far and wide, but some of the biggest beneficiaries may be companies tied to travel of all sorts, like:

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Source Fool.com