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Stocks Rally on Biotech Breakthroughs | Spokane News
Description
Stocks rallied yesterday as bond yields eased and big wins in healthcare sent the market soaring—Moderna’s cancer therapy results sparked a massive rally, lifting biotech and boosting investor confidence after a rough patch. Merck, Novavax, BioNTech, Target, and Estee Lauder also helped drive gains, while chipmakers lagged. The Fed’s next move remains critical as markets brace for potential rate shifts.
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