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Market Brief – Monday 11/16/20

Stocks rallied in overnight trading after Moderna announced the results from its most recent vaccine trials. Stocks were below their overnight highs in early trading. Treasury yields rose on the same news but only slightly and were up a smidge more in early trading.

The New York State Manufacturing Index rose slightly in November and at a much slower pace than October.

Stocks and Treasury yields closed slightly higher than they did at the opening bell.