US stocks jump as COVID treatment hopes extend record-setting rally | Markets Insider

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US stocks jump as COVID treatment hopes extend record-setting rally

US stocks jumped on Monday amid new optimism for a near-term coronavirus treatment and cooling US-China relations.for using convalescent plasma to treat COVID-19.

The method hasn't proved effective against the virus in clinical trials and follows calls from President Donald Trump to fast-track treatment approvals.reported Sunday that the White House is mulling an emergency use authorization for AstraZeneca's experimental drug. Such an action would bypass regulatory standards and potentially introduce a vaccine to the US market before November's presidential election.

 

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