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Another week of gains for US stocks

May 31, 2020 - Detroit Free Press

U.S. stocks closed out another big month of gains last week, with the Dow Jones Industrial Average passing 25,000 and the S&P 500 breaching 3,000 for the first time in more than two months.

Stocks got off to a hot start to the week due to more encouraging news on the COVID-19 vaccine front. On Tuesday, Novavax announced it is beginning Phase I clinical trials of its coronavirus vaccine candidate. Pharmaceutical giant Merck also announced last week it will begin work on a vaccine, and Moder...