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%.