The Dow Jones Industrial Average surged over 600 points on coronavirus vaccine hopes Tuesday midday before cutting gains. Dow Jones stock leader Apple is trying to break out above a new buy point, as the current stock market rally continued.

Gilead Sciences (GILD) rallied 1% following positive data on its remdesivir drug for the treatment of coronavirus. Novavax (NVAX) jumped 10% on coronavirus vaccine news.

The Nasdaq composite rallied 1% Tuesday midday after sharply cutting gains.

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Among the Dow Jones stocks, airplane maker Boeing jumped 5%.

Boeing was the top-performing stock on the Dow Jones Industrial Average in morning trade Tuesday.

Shares rallied over 1.5% midday Tuesday and are in buy range.

Dow Jones leader Apple stock inched higher midday Tuesday.

Shares are just 2% off their all-time highs, nearly completing a remarkable recovery from the coronavirus stock market crash?

Tech giant Microsoft fell 0.3% Tuesday midday.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

Stocks rallied Tuesday amid rising hopes for a coronavirus drug as the Dow Jones Industrial Average vaulted 660 points to..

Stocks rallied Tuesday amid rising hopes for a coronavirus drug..

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