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Nov. 23, 2020, 4:03 p.m. EST

Dow ends more than 300 points higher on vaccine progress

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By William Watts

Stocks closed with solid gains Monday, boosted by another round of positive news regarding the development of COVID-19 vaccines, while extending gains late in the session after The Wall Street Journal reported that President-elect Joe Biden would nominate former Federal Reserve Chair Janet Yellen to serve as Treasury secretary in his administration. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.12% rose around 330 points, or 1.1%, to end near 29,594, according to preliminary figures, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.36% finished up around 20 points, or 0.6%, near 3,578. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.69% rose around 26 points, or 0.2%, ending the session near 12,424. AstraZeneca on Monday said its vaccine candidate had an efficacy rate of up to 90% in late-stage trials, following positive news earlier this month regarding a vaccine candidate developed by Pfizer Inc. and BioNTech and another developed by Moderna Inc.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
30,960.00
-36.98 -0.12%
Volume: 477.35M
Jan. 25, 2021 5:15p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,855.36
+13.89 +0.36%
Volume: 2.79B
Jan. 25, 2021 5:15p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
13,635.99
+92.93 +0.69%
Volume: 6.53M
Jan. 25, 2021 5:16p
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