Dow Jumps 270 Points
Dow Jumps 270 Points

On Wednesday, US stocks rose.

Investors reacted to positive coronavirus vaccine news.

Shares of Moderna spiked after President Trump announced the US government will by 100 million doses of its coronavirus vaccine.

Tesla shares jumped after the company announced a five-for-one stock split.

Oil prices climbed after a report suggested that American crude stockpiles shrank last week.