Stocks climb on Wall Street along with hopes for a vaccine

Financial Markets Wall Street
Trader Peter Mazza works on the floor of the New York Stock Exchange Thursday, Feb. 27, 2020. (AP Photo/Craig Ruttle)

NEW YORK (AP) — Stocks rose across the board on Wall Street Wednesday following some encouraging, though very early results in developing a coronavirus vaccine.

Rearchers said late Tuesday that one developed by the National Institutes of Health and Moderna revved up people’s immune systems in a preliminary test, as hoped.

The S&P 500 rose 0.9% after being up as much as 1.3% during the morning. Small-company stocks rose much more than the rest of the market, a sign of of rising expectations for the economy.

Cruise lines, hotels and other companies that would benefit greatly from the economy reopening rose sharply.

Categories: National News