Stocks rise to record highs, S&P 500 closes above 3,700 for the first time

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Stocks rose to record highs today as Pfizer started to roll out its coronavirus vaccine in the U.K. The S&P 500 jumped 0.28% to close above 3,700 for the first time. The Dow gained 0.35%. The Nasdaq rose 0.5%.

. The FDA also said it found no safety concerns with the vaccine.

The Pfizer-BioNTech vaccine rollout came as traders kept an eye on negotiations for additional fiscal stimulus while the U.S. coronavirus caseload continues to rise.

"We've been hopeful for a while that a fiscal stimulus deal will get done," said Tom Martin, senior portfolio manager at GLOBALT. "But there are still deep-seated issues preventing" a deal from happening. Right now, the market is "treading water."is trying to extend government funding for an additional week

"News out of DC that fiscal stimulus talks have resumed is also a positive development ," wrote Willie Delwiche, investment strategist at Baird. "These headlines come at a critical time as we remain in a challenging time from both a health and economic perspective."

 

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realDonaldTrump why did you pass on Pfizer? Are you mad that they didn't sign onto operation warp speed, so you're okay with killing more people?

POMO. But hey, some boomer bought a new yacht.

Because...only one thing - printing! Stop fooling people

cnbc haven't seen RickSantelli

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