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Stocks burst higher, S&P 500 at record on vaccine hopes

NEW YORK (AP) — Stocks are jumping worldwide Monday, and Wall Street is catapulting back to record heights on a burst of hope that the world and corporate profits can get back to normal following encouraging data about a potential coronavirus vaccine.

The S&P 500 was 3.1 percent higher in afternoon trading after Pfizer said an early peek at its vaccine data suggests the shots may be 90 percent effe…

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