Wall Street's major averages rose 1.5% on Monday as bond markets calmed after a month-long selloff, while encouraging updates on the vaccine and stimulus fronts strengthened bets over a swift economic recovery. Johnson & Johnson rose 1.8% as it began shipping its single-dose vaccine after it became the third authorized COVID-19 vaccine in the United States over the weekend. President Joe Biden scored his first legislative win as the House of Representatives passed his $1.9 trillion coronavirus relief package early Saturday. All major S&P sectors were higher with those that stand to benefit more from an economic rebound outperforming. ET, the Dow Jones Industrial Average rose 503.46 points, or 1.63% , to 31,435.83, the S&P 500 gained 56.93 points, or 1.49%, to 3,868.08 and the Nasdaq Composite gained 194.58 points, or 1.47%, to 13,386.92.

Source: Mint March 01, 2021 14:55 UTC