ASSOCIATED PRESS | GLOBAL MEDIA SERVICES

Stocks Surge On Vaccine News
Wall Street, NY, USA | 16 November 2020

Stock markets jumped higher on Monday on news that a second coronavirus vaccine showed promise, bolstering hopes even as new infections surged around the world.

Pharmaceutical company Moderna said its vaccine appears to be 94.5% effective, according to preliminary data. Markets rallied as they did when Pfizer and BioNTech said earlier this month that their vaccine had a similar effectiveness rate.

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