“Dow soars 700 points for biggest jump in a month, boosted by coronavirus vaccine hope”
May 18, 2020
“Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine.
The Dow Jones Industrial Average traded 700 points higher, or nearly 3%. The S&P 500 gained 2.5% while the Nasdaq Composite advanced 1.7%…
Shares of companies that would benefit from the economy reopening also rose. Disney traded 6.3% higher while MGM Resorts traded 8.7% higher. Cruise operator Carnival gained 7.4%. Delta and United Airlines both rose more than 10% along with American…”