Dow posts best monthly gain since 1987 on continued vaccine optimism

• US stocks declined on Monday. But the Dow Jones industrial average's 11.8% rise in November represented its best monthly gain since January 1987.
• Investor optimism about a COVID-19 vaccine continued on Monday after Moderna said it would file for emergency use authorization from the Food and Drug Administration for its vaccine.
• In November, Pfizer, Moderna, and AstraZeneca reported vaccine efficacy data well above the 50% threshold set by the FDA.
• $4.

The Dow Jones industrial average finished November on a down note on Monday, but the index still managed to notch its best monthly gain in nearly 34 years.

The Dow finished the month having climbed by 11.8%, ahead of April's strong 11.1% gain but below the 13.8% monthly gain in January 1987.

November's strong rally was mostly driven by continued optimism about a COVID-19 vaccine, as Moderna, Pfizer, and AstraZeneca reported efficacy rates that surpassed the Food and Drug Administration's $4.

On Monday, $4 from its phase-three trial to the FDA to be considered for an emergency use authorization. Investors remain optimistic that a successful COVID-19 vaccine will help jump-start a swift economic reopening in 2021.

Here's where US indexes stood at the 4 p.m. ET close on Monday:

• $4: 3,621.63, down 0.5%
• $4: 29,638.64, down 0.9% (272 points)
• $4: 12,198.74, down 0.1%

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$4 plunged as much as 28% after it announced a revised deal with $4 that failed to include an equity investment from GM and a commitment to develop and manufacture Nikola's Badger pickup truck. But $4 and called the decline a good buying opportunity.

S&P Global $4 in an all-stock deal worth $44 billion. IHS Markit traded up as much as 7% as investors cheered a merger of two data providers.

DoorDash and Airbnb remain on the path to go public by the end of this year, as they both $4 in a surging stock market. A filing on Monday said DoorDash was aiming for a valuation of up to $27 billion, with proceeds of roughly $2.8 billion.

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Pending home sales $4 as a continued surge in home prices dented housing markets' rally.

Oil prices fell. $4 dropped as much as 2.4%, to $44.42 per barrel. $4, oil's international benchmark, declined 2.8%, to $46.85 per barrel, at intraday lows.

$4 declined as much as 1.3%, to $1,764.80 per ounce.

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