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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks rocketed higher Monday with the Dow and S&P 500 ending at records following progress on another coronavirus vaccine candidate that boosted confidence in the economic recovery. The Dow Jones Industrial Average packed on around 470 points, or 1.6 percent, to finish at 29,950.44, easily topping its prior all-time high. The broad-based S&P 500 gained 1.2 percent to 3,626.91, finishing at a second straight record, while the tech-rich Nasdaq Composite Index advanced 0.8 percent to 11,924.13. US biotech firm Moderna announced its experimental vaccine against Covid-19 was almost 95 percent effective, marking a second major breakthrough in the quest to end the pandemic following a similar announcement by Pfizer last week. "At some point in time, this will get us to the other side of the pandemic and a return to normal," said Art Hogan, chief market strategist at National Securities. The positive news about Moderna allowed investors to look past rising coronavirus cases that are stretching some hospital infrastructure in some parts of the United States. The US recorded 133,045 new Covid-19 cases on Monday and 616 deaths, according to Johns Hopkins data. Moderna surged 9.6 percent following the announcement, but the vaccine news also boosted equities seen as beneficiaries from the economic rebound. This group included oil giant Chevron, jumped 7.1 percent, and travel-oriented equities such as United Airlines, up 5.2 percent. Analysts said sentiment was further boosted by announcements that Spain's BBVA would sell its US unit to PNC Financial Services for $11.6 billion, and The Home Depot's plan to re-acquire wholesaler HD Supply Holdings for $8 billion. Major economic releases this week include retail sales, housing starts for October and earnings from Walmart. jmb/hs
schema:headline	Dow, S&P 500 end at records on Covid-19 vaccine progress
schema:mentions	Banco Bilbao Vizcaya Argentaria S&P 500 Index Positive News PNC Financial Services Chevron Corporation Stock Dow Jones Industrial Average United Airlines The Home Depot Spain Walmart Pandemic Pfizer Vaccine United States Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 HD Supply Johns Hopkins NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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