Market Update: PEAK, MRO, OXY, NGG

Stocks soared on Monday morning amid retreating bond yields, progress on the administration's stimulus plan, and vaccine optimism. Over the weekend, the FDA authorized Johnson & Johnson's one-shot COVID vaccine for emergency use, with the company planning to deliver 20 million doses by the end of March. The Dow rose 2.1%, the S&P 2.1%, and the Nasdaq 2.2%. Crude oil traded near $61.50 per barrel, while gold rose $10 to $1739 per ounce.

Subscribe to Yahoo Finance Plus Essential for full access

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level

Try it Free