The S&P 500 and the Dow hit record highs on Monday as the first successful late-stage clinical trial of a COVID-19 vaccine sparked hopes of the economy emerging from a pandemic-driven crisis.
The blue-chip Dow surged as much as 5.7%, also getting a boost from Joe Biden claiming to clinch a tightly-fought presidential election.
The companies hit hardest by months of travel bans and lockdowns soared, with Boeing Co up 12.6% and airlines and cruise line operators all trading 20% to 30% higher.
Oil prices surged more than 10% and U.S. Treasuries sold off after Pfizer and BioNTech said the data showed the vaccine was more than 90% effective in preventing COVID-19.
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{Matzav.com}
Limaaseh, where is my $1200 stimulus check?! If MY government would of sent me MY money, I could of invested it in the market before todays rise! Worthless bureaucrats.
Looks like this vaccine is giving a real shot in the arm to the stock market.