Business Standard

Wall Street edges higher on Covid-19 vaccine bets, Boeing approval

The S&P 500 rose 1.81 points, or 0.05%, to 3,611.34 shortly after the market opened

wall street

The Dow Jones Industrial Average gained 80.75 points, or 0.27%, to 29,864.10

The S&P 500 was little changed on Wednesday as investors weighed near-term economic pain from surging coronavirus cases against growing optimism that a working vaccine was near, while the Dow was boosted by a rise in shares of Boeing.

The planemaker advanced 3.2 per cent after getting US approval to fly its 737 MAX jet again after a 20-month grounding following two fatal crashes.

The news also lifted shares of airlines. American Airlines gained 3.6 per cent and Southwest Airlines added 2.1 per cent as the carriers laid out plans to fly the aircraft again.

Pfizer Inc said it would apply for emergency

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 18 2020 | 8:37 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to