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Monday, May 18, 2020

Dow surges 750 pts: vaccine progress drives reconomic-reopening hopes

US stocks surged on Monday as a coronavirus vaccine being developed by Moderna showed encouraging progress.
In a small number of healthy volunteers, Moderna's vaccine helped create immune responses that may help protect people from being infected with the novel coronavirus. The biotech is planning to start additional trials immediately and is aiming to be ready this fall for potential emergency use of its vaccine.
Investors have been closely watching for updates that can provide guidance around economic-reopening efforts, and were encouraged by Moderna's results.

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