US stocks rally to record highs on vaccine optimism and China data
Wall Street more confident after China's factory activity growth at decade high
02 December 2020 - 00:06
New York — The S&P 500 and Nasdaq Composite closed at record highs on Tuesday, with investors betting a Covid-19 vaccine will be available soon, and more confident about a speedy economic recovery after upbeat Chinese factory data.
Investors stayed focused on updates about a handful of vaccine candidates and the start of global shipments as drugmakers submit paperwork for regulatory approvals...
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