Recovery rally holds as cyclical stocks lead through day on vaccine data

• Late buying, including a spike at the last minute, came through again for Wall Street to complete the recovery trade 1-2-3: Dow (DJI) +1.6% first, S&P (SP500) +1.2% second, Nasdaq (COMP) +0.8% third.
• Industrial recovery plays Boeing and Honeywell led the Dow to a new all-time highs.
• The S&P was also boosted by Industrials (NYSEARCA:XLI), Energy (NYSEARCA:XLE), Financials (NYSEARCA:XLF) and Basic Materials (NYSEARCA:XLB) on enthusiasm about Moderna's vaccine.
• The Nasdaq lagged, but still gained. Mixed performances from the Fab 5 megacaps was countered by strength in chips, with Nvidia, Micron and AMD benefiting from positive commentary and Qualcomm getting permission to sell 4G chips to Huawei.
• https://seekingalpha.com/news/3636757-recovery-rally-holds-cyclical-stocks-lead-through-day-on-vaccine-data