The Dow Jones Industrial Average climbed 465.83, or 1.68%, while the S&P 500 rose 1.8% and the Nasdaq Composite closed the day up 2.32%.
Trump tweeted Monday afternoon that he would depart from the hospital in Maryland at 6:30 p.m. after being admitted Friday when his oxygen levels dropped. The president said he was “feeling really good” but his physician Dr. Sean Conley said he “may not entirely be out of the woods yet.”
Stock for Regeneron Pharmaceuticals surged 7.13% after the White House said Trump received an 8-gram dose of its antibody drug cocktail as a precautionary measure.
Companies developing COVID-19 vaccine candidates also benefitted Monday as BioNTech stock soared 9.5%, Novavax stock rose 6.34% and Moderna climbed 4.56%.