Dow rises 270 points as investors react to encouraging vaccine news

Lucas Jackson/Reuters

• US stocks rose Wednesday as 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 gained after the company announced a five-for-one stock split. 
• Oil prices climbed after a report suggested that American crude stockpiles shrank last week. 
• Read more on Business Insider.

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US stocks rose on Wednesday as investors reacted to positive coronavirus vaccine news.

Shares of Moderna spiked after President Donald Trump said Tuesday that the US government will buy 100 million doses of its COVID-19 vaccine candidate as a part of its Operation Warp Speed program. Moderna's vaccine is in late-stage human trials. 

See the rest of the story at Business Insider

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