Breaking

Aug 11, 2020 1 min, 56 secs
Cruise lines, airlines and other travel issues bolted higher after Russia approved a coronavirus vaccine named "Sputnik V." Earnings news was mixed, with Lumentum Holdings and Radcom grabbing early gains.

coronavirus stimulus talks in Washington, markets jumped after Reuters reported Russian President Vladimir Putin declared that his country granted approval to the world's first Covid-19 vaccine.

Travel issues rallied on the vaccine news, with United Airlines (UAL), Booking Holding (BKNG) and Expedia Group (EXPE) at the head of the Nasdaq 100.

HanesBrands (HBI) was also an early S&P 500 leader, up 6%, lifting the stock's gain for August to more than 17%.

Exxon Mobil (XOM) rumbled 3.7% higher, Chevron (CVX) climbed 2.3%, also boosting the Dow, as oil prices also rallied on the vaccine news.

In Europe, stocks staged powerful rallies following Russia's vaccine news.

Tuesday's premarket action is a stark reminder that the ongoing coronavirus pandemic is the most important news item affecting global markets.

The daily number of new coronavirus cases reported in the U.S.

That was the previous high-water mark for the Dow's rebound from the coronavirus bear market.

For more detailed analysis of the current stock market and its status, study the Big Picture.

Other blue chips in or near buy points exiting the earnings season include Johnson & Johnson (JNJ), which is just below a 151.77 buy point in a cup-with-handle base.

Visa (V) has put in a long string of tight weeks, forming a flat base with a 202.28 entry.

Cisco is in a flat base with a 48.39 buy point with earnings due tomorrow.

UnitedHealth Group (UNH) is in a buy range above a 311.07 buy point on a cup-with-handle base.

Then it cleared a flat base buy point at 276.48 on Monday.

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Dow Jones Jumps 325 Points On Russian Coronavirus Vaccine Claim.

Boeing stock and other travel-related stocks climbed Tuesday after Russia announced it has a successful vaccine for the coronavirus.

Boeing stock and other travel-related stocks climbed Tuesday after Russia..

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