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Stocks rallied Monday, picking up momentum in the final hours of trading, as President Donald Trump announced he would be heading home from Walter Reed National Military Medical Center tonight. The Dow Jones Industrial Average rose 465 points or 1.6%, while the S&P 500 rose 1.8% and the Nasdaq Composite over 2.3%. As stocks rallied, money moved out of bonds pushing the yield on the 10-year treasury to 0.76% - the highest since June. Vaccine-related stocks were in focus around Trump's treatment, which included Gilead Science Inc.'s Remdesivir and a cocktail from Regeneron Pharmaceuticals Inc. which saw its stock jump 7%. Go to the link in our bio for more on this story.
Monday, October 5, 2020
Stock Market happy, as President Donald Trump announced he would be heading home
at 7:52 PM