New York — The S&P 500 ended higher but closed just shy of a record on Monday as investors bet that a full economic reopening was finally in sight after the first positive data from a late-stage Covid-19 vaccine trial.
Safe-haven US Treasuries sold off after US drugmaker Pfizer and its German partner Biotech said a large-scale trial of their vaccine showed it was more than 90% effective in preventing Covid-19. Saturday's news that Joe Biden had won the US presidential election was also a reassuring confirmation of what investors had already been counting on by the end of last week, according to market strategists...
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