It wasn’t all good news for stocks Wednesday — the Nasdaq was negative for much of the day — but hump day ended on a positive note.
Excitement about a promising Covid-19 vaccine, tested by Moderna, and better-than-expected Goldman Sachs earnings helped boost stocks. That overcame continued fears about the coronavirus pandemic spiraling out of control and weighing on the economic recovery.
Here’s how the market closed:
- The Dow closed 228 points higher, ending the day up 0.85%.
- The S&P 500 ended the day up 0.9%.
- The Nasdaq rose 0.6%.