The stock market bounced back on Monday from its losses late last week, as the initial news of President Donald Trump testing positive for COVID-19 gave way to positive comments about his ongoing recovery. It's not uncommon for stocks to fall going into a weekend during which there's considerable uncertainty, only to see a rebound once facts are known and worst-case scenarios haven't played out. Just after 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 381 points to 28,064. The S&P 500 (SNPINDEX: ^GSPC) gained 46 points to 3,395, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 176 points to 11,251.
With the White House going through a coronavirus crisis, it's not surprising to see coronavirus-fighting stocks in the spotlight. In particular, Regeneron Pharmaceuticals (NASDAQ: REGN) and Gilead Sciences (NASDAQ: GILD) saw their stocks climb on Monday following news that their treatments had been used in the president's care. Elsewhere in healthcare, a big deal boosted shares of MyoKardia (NASDAQ: MYOK) .
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Stock Markets Soar as Coronavirus Stocks Stay in the Spotlight