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US stocks surge on hopes of positive vaccine trial, reopening economy

Usa vaccine economy Coronavirus
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Wall Street stocks jumped in early trading Monday as a positive announcement about a trial on a coronavirus vaccine added to hopes for a reopening of the US economy.

About 15 minutes into trading, the Dow Jones Industrial Average stood at 24,462.19, up around 775 points, or 3.3 percent. The broad-based S&P 500 gained 2.8 percent to 2,942.61, while the tech-rich Nasdaq Composite Index advanced 2.1 percent to 9,202.57.

Investors greeted an announcement from US biotech firm Moderna, which reported "positive interim" results in the first clinical tests of its vaccine against the new coronavirus performed on a small number of volunteers.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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