US stocks open higher after more encouraging vaccine news
NEW YORK (AP) — Stocks are edging higher early Wednesday on Wall Street as traders welcome more upbeat news about a coronavirus vaccine candidate. The S&P 500 rose 0.1%. Pfizer climbed 3.3% after reporting that the vaccine it’s developing with BioNTech was even more effective than preliminary data showed. The company is preparing to formally ask U.S. regulators within days to allow emergency use of the vaccine. Boeing rose 4.3% after the Federal Aviation Administration cleared the company’s 737 Max aircraft for flight again. Crude oil prices rose, Treasury yields ticked higher and small-company stocks rose more than the rest of the market.
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