US stocks end Monday with strong gains but left behind some of the technology giants and work-from-home winners, after German-based BioNTech SE and Pfizer Inc announced that their COVID-19 vaccine candidate achieved « success » in the first interim analysis of a Phase 3 study The Dow Jones Industrial Average
DJIA,
294%
closed 835 points, or 3% at around 29,158, but off its best record intraday high at 29,93383, with the index missing its first closing record since Feb 12 by about 400 points The gain for the blue-chip benchmark was still its best since June 5 The S&P 500 index
SPX,
117%
finished the day up 12% at about 3,550, but well off its Monday intraday record high at 3,64599 The technology-heavy Nasdaq Composite Index
COMP,
-152%,
meanwhile, closed off 15% at 11,713, and the Nasdaq-100 index
NDX,
-215%,
composed off the 100 biggest components of the Nasdaq Composite, ended off 22%, snapping a five-session win streak Assets considered risky had already received a boost before the open as former Vice President Joe Biden was projected over the weekend to defeat President Donald Trump following a heated election The S&P 500’s energy sector finished up 142%, marking its best day since March 24 The financial sector gained 82% to mark the second-best performance among the S&P’s 11 sectors and its best one-day gain since March
Walt Disney, McDonald’s, Beyond Meat, DraftKings, Softbank, DraftKings, and more companies report third-quarter results Plus, October jobs numbers, a FOMC meeting, and election day
Mark DeCambre is MarketWatch’s markets editor He is based in New York Follow him on Twitter @mdecambre
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World news – IN – Dow end 800 points higher Monday, but well off intraday record as technology shares sink on news of a coronavirus candidate
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