Stocks Climb, Dollar Slips on Vaccine Progress: Markets Wrap

(Bloomberg) — Stocks and U.S. equity futures advanced, while the dollar weakened as progress in developing a coronavirus vaccine crossed a key milestone.Travel and leisure companies led gains among European equities after Moderna Inc.’s Covid-19 vaccine produced antibodies in all patients tested in an initial safety trial. German bunds opened lower and gold was little changed. Oil gained after a report pointed to a drop in U.S. crude stockpiles.The vaccine news brought optimism to financial markets that have been struggled to make headway recently in the face of new outbreaks across the U.S. and Asia.“The vaccine news is clearly a …read more

Source:: Yahoo Finance