⁍ Ten of the 11 major S&P indexes were up, with energy.
⁍ SPNY, the worst performing sector this year, rising 1.7%.
⁍ Shares of Regeneron Pharmaceuticals Inc REGN.O jumped 6.1% after Trump’s physician said he had been treated with an intravenous dose of Regeneron’s dual antibody treatment.
– US stocks were off to a strong start on Monday, with the Dow rising more than 200 points in the first minutes of trading. The S&P 500 and Nasdaq were up more than 1.5% each in the first minutes of trading, Reuters reports. Investors were encouraged by White House Chief of Staff Mark Meadows’ comments that there was still a chance of reaching an agreement with lawmakers on coronavirus relief. “The market has really traded on stimulus news, both to the high side and to the low side over the past few months,” an investment strategy analyst at Baird says. “The need for that stimulus is becoming more and more evident. While it might boost markets a little bit, the real economy is showing that it’s necessary to really take this recovery up another level.”
Source: https://www.reuters.com/article/usa-stocks/us-stocks-wall-st-jumps-on-stimulus-hopes-hints-of-trumps-return-to-white-house-idUSL4N2GW2JQ