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Why Fastly Stock Popped This Morning

·2 min read
Why Fastly Stock Popped This Morning
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Shares of Fastly (NYSE: FSLY) were rising this morning as tech investors continued to shift their investing strategy after the Centers for Disease Control and Prevention and the Food and Drug Administration announced yesterday that they were recommending that the U.S. pause use of the Johnson & Johnson coronavirus vaccine. While there wasn't any company-specific news driving Fastly's share price higher today, some tech stocks started climbing yesterday in response to the U.S. pausing use of Johnson & Johnson's coronavirus vaccine. The FDA and CDC released a joint statement yesterday saying that "we are recommending a pause in the use of this vaccine out of an abundance of caution" after six individuals had reported cases of blood clots after receiving the Johnson & Johnson vaccine.