Wall Street closes broadly higher on deal news, vaccine hopes


The Dow Jones Industrial Average rose 327.69 points, or 1.18%, to 27,993.33, the S&P 500 gained 42.57 points, or 1.27%, to 3,383.54 and the Nasdaq Composite added 203.11 points, or 1.87%, to 11,056.65.

NEW YORK: U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.

Gains were broad-based, with all of the S&P 500 sectors ending in positive territory and real estate and technology leading gains.

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