U.S. stocks jumped and the S&P 500 breached 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business ...
REUTERS: U.S. stocks jumped and the S&P 500 breached 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
On Monday, California decided to reopen in-store retail businesses and places of worship from one of the most restrictive shutdowns in the United States. U.S. biotech group Novavax Inc jumped 14.7per cent as it joined the race to test coronavirus vaccine candidates on humans and enrolled its first participants. Merck & Co Inc added 2.3per cent as it announced plans to develop two separate vaccines.
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