Wall Street climbs on mega mergers, vaccine hopes

REUTERS: Wall Street's major indexes climbed on Monday on a boost from technology stocks while signs of progress in developing a COVID-19 vaccine and a spurt of multi-billion dollar deals also brightened the mood.

U.S. stocks are coming off of two straight weeks of losses as investors sold heavyweight technology shares that had powered the benchmark index to record highs in a dramatic recovery from its March lows. Sentiment got a lift on Monday after drugmaker AstraZeneca resumed its British clinical trials of its COVID-19 vaccine, one of the most advanced in development.

Later this week, investors will focus on the Federal Reserve's last policy meeting before the Nov. 3 U.S. presidential elections.

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US: Wall Street rises at open on M&A activity, vaccine hopes[NEW YORK] US stocks opened higher on Monday on signs of progress in developing a Covid-19 vaccine and a flurry of multi-billion dollar deals, including reports of Oracle winning the battle for the US arm of TikTok. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Wall Street rises at open on M&A activity, vaccine hopes[NEW YORK] US stocks opened higher on Monday on signs of progress in developing a Covid-19 vaccine and a flurry of multi-billion dollar deals, including reports of Oracle winning the battle for the US arm of TikTok. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »