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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks advanced Monday following another upbeat announcement about a new coronavirus vaccine and President-elect Joe Biden's selection of Janet Yellen to be treasury secretary. The Dow Jones Industrial Average gained 1.1 percent to 29,591.27. The broad-based S&P 500 advanced 0.6 percent to 3,577.59, while the tech-rich Nasdaq Composite Index added 0.2 percent at 11,880.63. British drugs group AstraZeneca and the University of Oxford said they will seek regulatory approval for their coronavirus vaccine after it showed up to 90 percent effectiveness. The news comes on the heels of similar announcements by Pfizer/BioNTech and Moderna that have supported stocks the last couple of weeks despite mounting virus case totals that have prompted renewed restrictions on movement in some states. Markets also applauded Yellen's expected appointment at Treasury, confirmed to AFP by a financial source with knowledge of the decision made by Biden. Yellen, the former head of the Federal Reserve, is a known quantity on financial markets and "has been favorable to the idea of fiscal stimulus," said Gregori Volokhine of Meeschaert Financial Services. Volokhine expects Yellen to sail through her Senate confirmation and said investors are breathing a sigh of relief that Biden did not pick a nominee with a more confrontational posture towards finance, such as US Senator Elizabeth Warren. Analysts also cited optimism over the holiday shopping season, which officially kicks off Friday. The National Retail Federation projected holiday sales would rise between 3.6 percent to 5.2 percent over 2019 to between $755.3 billion and $767.7 billion. The trade group said households have cash from a strong stock market and will get a boost from having spent less than normal on travel and entertainment due to Covid-19. Retailers had a good session, with Macy's gaining 15.0 percent, Gap 6.9 percent and Best Buy 2.4 percent. jmb/sst
schema:headline	US stocks end up on vaccine progress, Yellen nomination
schema:mentions	National Retail Federation Christmas and holiday season S&P 500 Index Dow Jones Industrial Average Gap Inc. Agence France-Presse Stock market Federal Reserve Elizabeth Warren University of Oxford AstraZeneca United States Senate Virus Pfizer United Kingdom Joe Biden Vaccine Severe acute respiratory syndrome coronavirus 2 President of the United States Coronavirus disease 2019 Janet Yellen Best Buy Fiscal policy Singapore Standard Time NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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