The Dow posted a four-day winning streak.
The market opened sharply higher on Wednesday as stocks got a boost from positive coronavirus vaccine news and blowout second-quarter earnings from Goldman Sachs.
Vaccine hopes and better-than-expected earnings are helping drive stocks higher, but the “reality is more nuanced than the headlines,” according to Vital Knowledge founder Adam Crisafulli. “There is still a large disconnect between the vaccine narrative and vaccine reality,” he points out, reiterating that investors are too optimistic about each bit of news related to a potential coronavirus treatment.
