Pfizer (NYSE: PFE) has a great new vaccine -- and investors think that's great news for the travel sector.
Pfizer's announcement that its coronavirus vaccine is 90% effective at preventing infection with COVID-19 sent the Dow Jones Industrial Average galloping ahead 1,500 points at the open of trading today. It's proving especially good news for investors in travel-industry stocks: Shares of Marriott International (NASDAQ: MAR) are up 21% in 9:45 a.m. EST trading, while Park Hotel & Resorts (NYSE: PK) is up 40% and travel reservations website owner Expedia (NASDAQ: EXPE) is up 22.5%.
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Why Marriott International, Park Hotels, and Expedia Stocks All Popped on Today's Vaccine News