(15 JULY 2020)DAILY MARKET BRIEF 1:Equities Bullish Again

<p>Wall Street reversed higher after a depressive start of the week. On Tuesday, all three indices secured gains after a volatile session. Investors’ risk appetite increased after Moderna published encouraging data on the most probable candidate for a COVID-19 vaccine. The results, published in the New England Journal of Medicine, claim that Moderna’s vaccine generated antibodies on the new coronavirus in all patients participating in a safety trial. S&amp;P 500 (+1.34), Dow Jones (+2.13%), and Nasdaq (+0.94%) reacted positively on the news, as investors hope that the vaccine would be imperative in fixing the coronavirus crisis. As of today, the US stock market has mostly recovered from its March nosedive triggered by the coronavirus crisis. This has to do with the massive stimulus launched by the Fed and investors’ effort to price in a potential rapid recovery.</p>