Stocks close higher amid optimism around potential vaccine
Hiram and early but encouraging news about potential Corona virus vaccines. NPR's Scott Horsley is more investors. Welcome to report in the New England Journal of Medicine showing a vaccine candidate developed by Madonna appeared safe and triggered the hope for immune response in a small trial with a few dozen patients. Is also a phase. One trial of another potential vaccine from AstraZeneca and Oxford University are expected next week. Vaccines will have to pass much bigger test to win approval. But the preliminary results were enough to push stocks higher. The S and P 500 index jumped 9/10 of a percent. The Dow climb more than 8/10 and the NASDAQ rose six tents. Federal Reserve reports that U. S industrial production rose nearly 5.5% last month that was still down about 11% from its level before the pandemic.