Zoom and Netflix plummet amid COVID vaccine news Today, 22:18 | Economy

The U.S. stock indices rose 1-5% on Monday, while the Dow Jones and S&P 500 updated their all-time highs. Almost all stocks, except Zoom and Netflix, are going up in price. Zoom quotes on coronavirus vaccine news fell 20% in the moment, while Netflix securities were cheaper by 7%. The markets continue to play back the results of the U.S. presidential election and react with optimism to the news about the successful coronavirus vaccine trials developed by American companies Pfizer and German BioNTech. It has shown efficiency in more than 90% of cases and can be registered already in November. The news about the vaccine was negatively influenced by the quotations of those companies which won from the Coronavirus Pandemic.

Zoom shares were worth $434.8 each at 21:33 Moscow time, down 13%. Netflix’s papers lost 6.3% in the price, dropping to $482.2 per share. For example, the shares of Activision Blizzard, a video game developer, were also cheaper by 2.1% to $76.7. Russian stock indices finished trading on Monday with strong growth. The MosMarket index rose by 3% and the RTS index by 5%. The ruble strengthened after the world markets: the dollar at closing cost 76.23 rubles, euro – 90 rubles. Brent and WTI oil became 9-10% more expensive on the vaccine news.