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Stock Market News: Why Shares of Cruise Companies Are Soaring as Moderna Plunges

Dan Caplinger, The Motley Fool
·4-min read
Stock Market News: Why Shares of Cruise Companies Are Soaring as Moderna Plunges

Tuesday morning brought renewed enthusiasm to Wall Street, as investors grow increasingly optimistic that economic reopenings taking place across the U.S. will have a positive result without causing a new uptick in COVID-19 cases. Market participants focused on the possibility that a coronavirus vaccine could be out sooner than expected. The S&P 500 (SNPINDEX: ^GSPC) rose 58 points to 3,014, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 122 points to 9,447.

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