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Wall Street closes at record highs on vaccine optimism – Sydney Morning Herald

Optimism over potential medical advances in the war against the coronavirus pandemic helped keep investors in a buying mood.

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The blue-chip Dow, while leading Monday’s gains, remains nearly 4.2 per cent below its all-time high, and down 0.8 per cent year-to-date. The Nasdaq and the S&P have gained 26.8 per cent and 6.2 per cent, respectively, since the final closing bell of 2019.
Of note, the Dow Transports index, often considered a barometer of US economic health, handily outperformed the broader market.
“There’s been a broadening in this rally and the what’s reflected in the transports,” said Chuck Carlson, chi…

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