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12/1/2020, 4:31 PM (Source: TeleTrader)
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Wall Street extends gains on vaccine progress

Major stock markets in the United States extended gains deep into the session as the rally prompted by the progress made on the COVID-19 vaccine front continued.

Pfizer Inc. submitted its vaccine candidate for emergency approval with the European Medicines Agency (EMA), while the same agency revealed it would publish the assessment on Moderna's vaccine by January 12.

The Dow Jones surged 1.33% or 392 points at 10:33 am ET, while the Nasdaq 100 climbed 0.99% or 122 points. A minute later, the S&P 500 rose 1.30%. Meanwhile, the euro hit an 18-month high against the dollar, trading for 1.20160.

Breaking the News / ND