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There's a vaccine! Has it saved markets?

The prospect of a successful vaccine has injected a dose of positivity into markets and households alike in week two of lockdown two.
Pfizer, the American pharmaceutical giant, has developed a Covid-19 vaccine with a 90pc success rate. The news has been a shot in the arm for global stock markets, which rallied to record highs this week after investors dashed to buy and sell. Some stockbrokers crashed under the demand.
But that is not to say you should pile into pharmaceutical stocks. Huge profits will not be made from vaccines, experts have warned, which means many investors jumped to buy these shares for the wrong reasons.
The stock market may have rocketed this Monday but not every stock went up. Here’s a rundown of the winners and losers from Questor’s recent share tips.
Even before the vaccine news brought fresh hope of a Covid-free future, a handful of stocks had been climbing, buoyed by lockdown restrictions. Video conferencing firms and food delivery groups have had a good run – but that tide may turn when the jabs are rolled out.
The US election result has also had an effect on stock markets. Here's our round-up of the funds to buy and the stocks to buy now Joe Biden is heading for the White House.
With so much going on in markets, what better time to set up your portfolio for our next Fantasy Fund Manager game? You can do so from next Monday and the competition officially starts when markets open on Mon 23 Nov. To hear from last season's winner and runner-up in conversation with Personal Finance Editor Sam Brodbeck, sign up here and join us at 7pm on Thurs 26 Nov.
The next game will be open to Telegraph subscribers only. As we're celebrating our website's birthday today you can subscribe for 1 a week for six months until 8am on Friday.
You can always find more news and advice at Telegraph Money – and, as part of our birthday celebrations, our paywall is down until 8am tomorrow, so all our content is free to read.

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