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7/13, 7:37 PM (Source: TeleTrader)
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Dow surges 550 pts on vaccine optimism, Pfizer jumps 5%

Wall Street extended gains on Monday with the Dow Jones soaring over 550 points on hopes a coronavirus vaccine will be available soon.

The Dow Jones rallied 2.13% or 555 points at 1:37 pm ET. Pfizer shares were up 4.93% at 1:38 pm ET after the company said its vaccine candidates developed in collaboration with BioNTech were approved for a Fast Track designation by the US FDA.

Meanwhile, BioNTech surged 14.34% at 1:43 pm ET.

The Nasdaq 100 climbed 1.58% at 1:40 pm ET and the S&P 500 gained 1.48% at the same time.

Breaking the News / NP