Vaccines are proving to be pivotal in the effort to combat COVID-19.
While these vaccines have already saved countless lives and helped put us in a position to further open the economy, they have also impacted investors’ outlook.
Today’s chart illustrates the performance of three major stock market indices since Pfizer first announced their vaccine back on November 9, 2020.
While small-caps (e.g. Russell 2000) outperformed for the first four months following the Pfizer vaccine announcement, large-caps (e.g. S&P 500) have significantly outperformed since.
What is the Russell 2000 made up of?
The Russell 2000 is a stock market index comprised of 2000 small-cap companies.
What is meant by Nasdaq 100?
The Nasdaq 100 is a stock market index of the 100 largest Nasdaq Stock Exchange listed companies. A large proportion of those 100 companies are in the tech sector.
What is the S&P 500?
The S&P 500 is a market capitalization weighted index of the 500 largest publicly traded U.S. companies.