REUTERS: Wall Street's major indexes climbed on Monday as data showing unexpected growth in the U.S. services sector last month and optimism over China's economic revival helped investors look past a surge in new cases of COVID-19 at home.
"Investors are more focused on what the other side of this pandemic looks like, as opposed to the short-term risks of shutdowns," said Matt Lindholm, managing director - investment strategies at CAZ Investments in Houston. All the 11 major S&P sectors were trading higher, with technology and financial stocks providing the biggest boost to the benchmark S&P 500.
Regeneron Pharmaceuticals Inc gained 1.5per cent as the drugmaker said it had begun late-stage clinical trials to assess the effectiveness of its antibody cocktail in preventing and treating COVID-19.
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