• On Tuesday, Moderna announced that its coronavirus vaccine produced a “robust” immune response in all 45 patients in an early stage human trial.
  • Shares of the so-called reopening trade, which includes airlines, cruise lines, and retail stocks, surged in premarket trading Wednesday.
  • The reopening trade consists of stocks that would benefit from the US economy returning to normal following lockdowns to contain COVID-19.
  • Read more on Business Insider.

The so-called reopening trade is surging on news that a coronavirus vaccine may be ready soon.

On Tuesday, Moderna announced that its potential COVID-19 vaccine produced a “robust” immune response in all 45 patients in an early-stage human trial. The data showing the success of the drug was published in the peer-reviewed New England Journal of Medicine.

Read more: UBS says buy these 18 diamond-in-the-rough stocks that will offer massive gains over multiple years, even as their underlying industries suffer

Moderna skyrocketed as much as 19% in premarket trading Wednesday on the news and lifted members of the reopening trade – a group of stocks including airlines, cruise lines, and retailers that would benefit from the US economy returning to normal following sweeping lockdowns.

Read more: How 13 top drugmakers are sprinting to develop a coronavirus vaccine or treatment that can halt this pandemic

Here's how much key members of the reopening trade jumped in premarket trading Wednesday:

Airlines

  • United Airlines (UAL) - 9%
  • American Airlines (AAL) - 9%
  • Delta Air Lines (DAL) - 7%
  • Southwest Airlines (LUV) - 7%

Cruise lines

  • Norwegian Cruise Line Holdings (NCLH) - 9%
  • Carnival Corp. (CCL) - 9%
  • Royal Caribbean Cruises (RCL) - 8%

Retail

  • Gap (GPS) - 6%
  • Kohl's (KSS) - 5%
  • Macy's (M) - 3%