In particular, the Dow Jones index rose by 186.64 points.
Key indexes on the New York stock exchange showed strong growth on Monday. Fox Business noted that the rally in the market was caused by the news that the coronavirus vaccine of the British-Swedish pharmaceutical company AstraZeneca showed high effectiveness without serious side effects following the results of tests
According to the trading platform’s website, the Dow Jones industrial average rose 186.64 points (+0.64%) to 29 440,12. The S&P 500 index, which includes shares of the 500 largest companies in the US market, rose 20.19 points (+0.57%) to 3 577,73. The NASDAQ electronic exchange index rose 64.82 points (+0.55%) to 11 919,79.
The price of January futures for WTI crude oil rose 1.04% to $42.86 per barrel. Gold futures fell 0.36% to $ 1865,40 a Troy ounce.
“If you look into the details, this is excellent news for the market,” The Wall Street Journal cited the opinion of Paul O’Connor, head of the multi-asset operations Department at Janus Henderson Investors. “There is a high probability that economic activity will normalize in the second half of next year.”