Stocks set for best day in nine months as risk rally comes roaring back

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Bond markets calm after month\u002Dlong selloff

Johnson & Johnson rose 1.8 per cent as it began shipping its single-dose vaccine after it became the third authorized COVID-19 vaccine in the United States over the weekend.

“The sentiment is risk on with more investors showing interest towards cyclical stocks while a positive vaccination drive and better macro numbers are hinting towards a better growth environment,” said Keith Buchanan, portfolio manager at GLOBALT in Atlanta. Apple, Microsoft Corp, Facebook Inc and Amazon.com Inc rebounded between 1 per cent and 3.9 per cent on Monday.

Boeing Co jumped 5.9 per cent as United Airlines Holdings Inc ordered 25 new 737 MAX aircraft and moved up the delivery of others as it prepares to replace aging jets and meet expected post-pandemic growth in demand.Article content

 

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