The Dow Jones Industrial Average and the S&P 500 both rose to record highs on Monday following more great news about a COVID-19 vaccine candidate.
The Dow climbed 471 points to close at 29,950.44, while the S&P 500 rose 1.2 percent to 3,626.91, CNN and The Associated Press report. The new record highs were reached after Moderna announced that data suggested its COVID-19 vaccine candidate is nearly 95 percent effective, better than experts had been anticipating.
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