Stocks open higher on Wall Street on latest vaccine hopes

Stocks rose in ear­ly trad­ing Mon­day after investors received sev­er­al pieces of encour­ag­ing news on COVID-19 vac­cines and treat­ments, tem­per­ing con­cerns over ris­ing virus cas­es and busi­ness restrictions.

The bench­mark S&P 500 index rose 0.6%, led by tech­nol­o­gy com­pa­nies that have been post­ing sol­id gains through­out the virus pan­dem­ic. Many com­pa­nies and sec­tors that have been beat­en down by the virus, includ­ing cruise lines and banks, were also among winners.

The Dow Jones Indus­tri­al Aver­age gained 237 points, or 0.8%, at 29,500 as of 10:08 a.m. East­ern time. The Nas­daq com­pos­ite rose 0.3%.


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