Wall Street rallies on US stimulus and vaccine hopes

Wall Street's rise follows a jump in European shares and solid gains on Asian stock markets.

NEW YORK: Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the US$1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine.

Wall Street's rise follows a jump in European shares and solid gains on Asian stock markets.