U.S. stocks rallied Tuesday after a long holiday weekend, as investors seized on fresh coronavirus vaccine news and signs that global economies are slowly starting to crawl back from the pandemic shutdown.

The Dow Jones Industrial Average climbed 664 points, or 2.7%, to 25,130, while the S&P 500 index rose 59 points, or 2%, to 3,015, while the Nasdaq Composite gained 110 points, or 1.2%, to 9,434.

Investors were focusing on signs of life in the global economy, news of the gradual removal of economic restrictions related to COVID-19 and signs that Americans are beginning to feel safe enough to travel and congregate in larger groups.

Source: Marketwatch