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Dr Anthony Fauci, director of the US National Institute of Allergy and Infectious Diseases, said on Friday that positive early results from the phase 1 study of Moderna’s Covid-19 vaccine were a good sign. 

“It reached, and went over, an important hurdle in the development of the vaccine,” Dr Fauci told CNN. “That’s the reason why I am cautiously optimistic about it.”

Meanwhile, according to an NPR reporter, Fauci also noted that the early data on the coronavirus vaccine was promising.

Market reaction

The S&P 500 futures pared early losses in the last hour and were seen posting small daily gains ahead of Wall Street’s opening bell.