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Merck leads Dow industrials higher

Shares of Merck & Co. rose on Monday, providing an outsize spice up to the Dow Jones Industrial Average in early trading. The inventory MRK, +2.84% rose 2.4%, through a ways the biggest gainer among the blue-chip reasonable's 30 components. The rally came after it released late-stage results showing that a most cancers drug aggregate the usage of its Keytruda lowered patients' possibility of demise through part, a vital development. Health-care shares had been the top-performing sector of the day, and amongst different components, Johnson & Johnson JNJ, +1.53% was up 1.5% and Pfizer Inc. PFE, +0.79% rose 0.7%. The Dow DJIA, +0.70% rose 0.6% while the S&P 500 SPX, +0.58% was up 0.5% and the Nasdaq Composite Index COMP, +0.45% rose 0.4%.