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July 15, 2020, 9:36 a.m. EDT

Dow briefly retakes perch at 27,000 points at the open as indexes rally to highest since June on coronavirus vaccine hope

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By Mark DeCambre

Stock indexes jumped at the Thursday's open, buoyed by optimism about progress on a COVID-19 vaccine candidates despite rising U.S. cases, while investors also grew bullish about better-than-expected results from Goldman Sachs Group, raising hope that quarterly results from the nation's financial system may be doing a slightly better job of contending with the recession caused by the viral outbreak. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% rose 384 points, or 1.4%, at 26,984, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.40% gained 1% to 3,230, while the Nasdaq Composite Index /zigman2/quotes/210599714/realtime SPX +1.40% climbed 0.6% at 10,551.91. The rally in stocks in part has been boosted by news from Moderna Inc. /zigman2/quotes/205619834/composite MRNA +0.80% , which said its coronavirus vaccine candidate produced a "robust" immune-system response in a larger group of people and that the study would move to a further clinical trial in July. Markets also reacted positively to a separate report on developments for an Oxford University vaccine candidate backed by AstraZeneca PLC [s:UK: AZN] /zigman2/quotes/200304487/composite AZN +2.83% . Separately, Goldman Sachs /zigman2/quotes/209237603/composite GS +0.51% on Wednesday delivered results that beat expectations for revenue and earnings.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,976.84
+289.93 +1.05%
Volume: 342.07M
Aug. 12, 2020 5:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,380.35
+46.66 +1.40%
Volume: 2.25B
Aug. 12, 2020 5:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,380.35
+46.66 +1.40%
Volume: 2.25B
Aug. 12, 2020 5:10p
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/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 69.52
+0.55 +0.80%
Volume: 50.36M
Aug. 12, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$27.21 billion
Rev. per Employee
$177,721
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/zigman2/quotes/200304487/composite
US : U.S.: NYSE
$ 56.74
+1.56 +2.83%
Volume: 5.46M
Aug. 12, 2020 4:00p
P/E Ratio
69.20
Dividend Yield
2.41%
Market Cap
$145.10 billion
Rev. per Employee
$342,432
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/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 212.13
+1.07 +0.51%
Volume: 2.44M
Aug. 12, 2020 4:00p
P/E Ratio
16.13
Dividend Yield
2.36%
Market Cap
$72.62 billion
Rev. per Employee
$1.34M
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