“Stock market news live updates: S&P 500 breaks above 3,000 amid vaccine hopes, reopenings”
May 26, 2020
“Stocks jumped Tuesday, and the S&P 500 traded above 3,000 for the first time since March 5, as hopes for an effective coronavirus vaccine combined with optimism over updates around states’ reopenings and better than expected new economic data. Each of the S&P 500 and Dow traded above 2% shortly after market open.
Individual companies and institutions announced new developments around potential coronavirus treatments and vaccines over the long weekend. Merck (MRK) announced on Tuesday a suite of new efforts to combat the coronavirus pandemic, including two agreements with other institutions to work toward developing a Covid-19 vaccine and antiviral treatment. Novavax (NVAX) said Monday it began human testing of its coronavirus vaccine candidate, and expects preliminary results around the trial in July…”
https://finance.yahoo.com/news/stock-market-news-live-may-26-2020-221306503.html