World Coronavirus Dispatch: US stocks at new high over Moderna vaccine data

Hungary and Poland block EU stimulus package, Citi says successful vaccines will see dollar plummet, No virus protection for jailed elderly Taxes and other pandemic-related news across the globe

US stocks hit new record after Moderna vaccine data: Wall Street’s benchmark S&P 500 index ended the day up 1.2 per cent while the Russell 2000 of US small-cap stocks — seen as a barometer of the domestic economy — also closed at a record. The tech-heavy US Nasdaq Composite advanced a more modest 0.8 per cent. Hopes that a successful vaccine could be deployed to slow the spread of coronavirus in as little as a few months triggered a powerful rotation into economically sensitive sectors that began last week, as investors moved away from groups perceived as beneficiaries of