Stock Markets Jump on COVID-19 Hopes; Travel Stocks Soar
The stock market began the new week on a sharply positive note. Market participants appeared to be excited about the U.S. Food and Drug Administration's decision to issue an emergency authorization for the use of antibody-containing plasma for treating COVID-19 patients. That gave investors new optimism that the global economy will be able to move forward without any further interference from the coronavirus pandemic. Gains were largest for the Dow Jones Industrial Average (DJINDICES: ^DJI), but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite were able to advance to new record highs.
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Source Fool.com
