Wall Street stocks surged early Tuesday on optimism about coronavirus vaccines as the New York Stock Exchange resumed physical floor trading for the first time since late March.
S&P 500 breached a major technical barrier of rising above 3,000 on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors overlook Sino-US tensions.
About 30 minutes into trading, the Dow Jones Industrial Average was up 2.4 percent at 25,038.94. The broad-based S&P 500 gained 1.7 percent to 3,007.76, while the tech-rich Nasdaq Composite Index advanced 1.2 percent to 9,434.99.
Analysts pointed to announcements by a number of companies pursuing vaccines for coronavirus, including Merck, which said it would acquire