AMC (AMC) and other entertainment stocks surged on Monday in the wake of Pfizer (PFE) and BioNTech (BNTX) announcing positive news about their leading COVID-19 vaccine candidate, which demonstrated a high level of efficacy in testing.
Even as the U.S. topped 10 million coronavirus cases, markets — which for months have been pricing in hopes of an end to the crisis — skyrocketed on the news. The Dow (^DJI) and S&P 500 (^GSPC) both opened at record highs, tempering those gains slightly by…
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