Jill Goldsmith Co-Business EditorMedia and entertainment share were swept higher in a massive rally Monday morning hours after early data from drug giant Pfizer showed its vaccine is 90% effective in preventing COVID-19 infection.The Dow was up nearly more than 1,325, or 5% — it had been up more than 1,600 points in early trade.
The S&P was up 3.5%, Russell 2000 a whopping 7% and the Nasdaq 1.5%.Shares of Pfizer jumped more than 12% after the company announced that a clinical trial showed its vaccine was more than 90% effective in preventing the virus in participants with no evidence of a previous infection.
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