The Hustle

Vaccine hype spurs massive rotation in stock

vaccine


November 10, 2020

When the pandemic struck America in March, the stock market imploded.

Sectors closely tied to the “in-person” economy — travel, energy, restaurants, and retailers without an online presence — were hit the hardest.

Meanwhile, digital-friendly sectors such as cloud computing, streaming, at-home wellness, and gaming surged.

Yesterday, promising results from Pfizer’s phase 3 vaccine trial sparked a huge rotation in stocks, perhaps highlights of what’s to come.

The winners

The losers

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