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Stocks burst higher, S&P 500 at record on vaccine hopes
Stocks around the world are surging Monday, sending Wall Street back to record heights, on a burst of hope following encouraging data for a potential COVID-19 vaccine. The S&P 500 jumped 3.2% in early trading after Pfizer said an early peek at its vaccine data suggests the shots may be 90% effective at preventing COVID-19, though that doesn’t mean its release is imminent. That put the index at the heart of many 401(k) accounts on track to close at a record for the first time in more than two months. Financial markets around the world were already climbing before the vaccine data’s release, and Wall Street ... (full story)