mass vaccination program, U.S. health regulators issued a positive initial review of a COVID-19 vaccine developed by U.S. drugmaker Pfizer and Germany’s BioNTech.
The Food and Drug Administration will meet Thursday to determine whether to green-light the distribution of that vaccine. Wide distribution of the shot is likely months away.
The S&P 500 picked up 10.29 points to 3,702.25. The Dow Jones Industrial Average gained 0.4% to 30,173.88. The tech-heavy Nasdaq added 0.5% to 12,582.77, marking its fourth straight record high.Small-company stocks rose much more than the rest of the market, a signal that investors are feeling more optimistic about the economy.