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US stocks surge after Biden victory and hopeful vaccine news

The Dow Jones sores after positive news from Pfizer. Image credit: New York Stock Exchange

 

The Dow Jones soared more than 1,000 points marking one of its best days of the year and one of its biggest daily point gains in history, following the news that Joseph R. Biden was projected to be the winner of the presidential election and pharmaceutical company Pfizer’s announcement that its COVID-19 vaccine is 90 percent effective.