Dow Hits New High After Positive Moderna Vaccine Results

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The Dow Jones Industrial Average hit a record Monday after a second set of upbeat test results from a potential Covid-19 vaccine lifted shares of companies that have been walloped by the pandemic.

The index of blue-chip companies was up about 315 points, or 1.1%, at 29795 in recent trading, after touching an intraday record of 29942.88. The climb put the Dow within striking distance of the 30000 mark—a milestone that the index has neared but never reached.