U.S. stocks traded higher toward the end of trading, with the Dow Jones surging more than 450 points on Monday.
The Dow traded up 1.50% to 31,547.65 while the NASDAQ rose 1.04% to 10,972.47. The S&P 500 also rose, gaining, 1.38% to 3,804.48.
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Leading and Lagging Sectors
Health care shares climbed 2.1% on Monday. Leading the sector was strength from Vaxcyte, Inc. (NASDAQ: PCVX) and IMARA Inc. (NASDAQ: IMRA).
In trading on Monday, materials shares fell by 0.3%.
Top Headline
The S&P Global manufacturing PMI dropped to 49.9 in October from 52 in September, down from market estimates of 51. US services PMI fell to 46.6 in October from 49.3 in the prior month.
Equities Trading UP
Vaxcyte, Inc. (NASDAQ: PCVX) shares shot up 67% to $34.29 after the company announced positive topline results from the Phase 1/2 clinical proof-of-concept study evaluating the safety, tolerability and immunogenicity of VAX-24.
Shares of Applied Genetic Technologies Corporation (NASDAQ: AGTC) got a boost, shooting 60% to $0.3845 after Syncona announced it ...
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