U.S. Stocks Rally With Health Care Providing Boost: Markets Wrap

By Randall Jensen and Vildana Hajric

U.S. stocks rallied as investors saw glimmers of optimism in efforts to deliver rapid virus testing. The dollar rose.

The S&P 500 Index climbed for the fourth time in five days even after a weekend full of negative pandemic news as President Donald Trump extended recommendations aimed at inhibiting the spread. The Nasdaq 100 advanced more than 3% with health-care shares among the biggest gainers. Abbott Laboratories surged after unveiling a five-minute coronavirus test and Johnson & Johnson announced a vaccine candidate for the virus.

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