The Dow 30 soared by 1.6% on Monday, to 29,952.61, while Nasdaq grew by 0.8% to 11,924.13, as investors expressed confidence that a new COVID-19 vaccine trial, from Moderna, would lead to the ultimate end of a pandemic that is now eight months long.
Media stocks were largely up.
Sinclair Broadcast Group finished Monday’s trading at $24.87, up 5.6%.
Nexstar Media Group soared past the $100 mark, ending the day at $104.58, a 4.7% gain.
For iHeartMedia, a 2.7% increase in value was seen, with IHRT finishing at $10.40.
Sector peer Entercom‘s shares improved by 5.9% and are now at $2.075.