Moderna's vaccine results added more than $5 billion to the 'big 4' airlines' market values
Fresh hopes for a coronavirus vaccine boosted the combined market value of the"big four" US airlines by more than $5 billion on Monday.
Drugmaker Moderna said that it safely tested an experimental vaccine on eight people and found it stimulated a promising immune response. The good news sent American Airlines stock up 9%, Delta Air Lines and Southwest Airlines stock up about 13%, and United Airlines stock up 21%. However, the stock prices of all four carriers are still down more than 50% this year as the pandemic continues to hammer the airline industry.Investors celebrated Moderna's progress towards creating a coronavirus vaccine by adding more than $5 billion to the market capitalizations of the"big four" US airlines on Monday.that it safely administered the vaccine to eight healthy people in a trial, and all eight showed a promising immune response.
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