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S&P 500 gains on promising Covid-19 vaccine data, more stimulus hopes

US drugmaker Pfizer and German biotech firm BioNTech reported additional data from their experimental Covid-19 vaccine that showed it was safe and induced an immune response in patients

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FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York City. Reuters

Devik Jain and Medha Singh | Reuters
The S&P 500 edged higher on Monday as promising data across a range of Covid-19 vaccine candidates and hopes of more stimulus helped overcome fears around the extent of the economic damage from a surge in domestic infections.
 
US drugmaker Pfizer and German biotech firm BioNTech reported additional data from their experimental Covid-19 vaccine that showed it was safe and induced an immune response in patients. Pfizer's shares rose 1.5%.
 
In the United Kingdom, data from AstraZeneca's experimental Covid-19 vaccine also showed it produced an immune response in early-stage clinical trials in healthy volunteers.
 
"Even though we had some good