Stocks rebound from last week’s slump | FDA approves Pfizer Covid vaccine | Oil snaps losing streak

The S&P 500 climbed to an intraday record high on Monday as economically sensitive shares rallied on news that the Food and Drug Administration granted Pfizer and BioNTech full approval of their Covid-19 vaccine.

VIEW IN BROWSER | SUBSCRIBE MON, AUG 23, 2021 EVENING BRIEF AS OF MON, AUG 23, 2021 • 05:25 ET DJIA 35335.71 +0.61% +215.63 S&P 500 4479.53 +0.85% +37.86 NASDAQ 14942.65 +1.55% +227.99   Most Active DOW NAME LAST CHG %CHG AAPL 149.71 +1.52 +1.03% INTC 53.23 +1.22 +2.35% MSFT 304.65 +0.29 +0.10% S&P 500 NAME LAST CHG %CHG PFE 49.93 +1.21 +2.48% AMD 108.77 +4.12 +3.94% F 12.73 +0.16 +1.27% NASDAQ NAME LAST CHG %CHG AMD 108.77 +4.12 +3.94% AAPL 149.71 +1.52 +1.03% NVDA 219.58 +11.42 +5.49%   EDITOR'S NOTE The S&P 500 climbed to an intraday record high on Monday as economically sensitive shares rallied on news that the Food and Drug Administration granted Pfizer and BioNTech full approval of their Covid-19 vaccine.   The broad equity benchmark rose 0.8% to 4,479.53, led by the energy sector, which jumped more than 3%. The tech-heavy Nasdaq Composite gained 1.5% to 14,942.65, closing at an all-time high. The Dow Jones Industrial Average advanced 215.63, ending the day at 35,335.71. Travel and leisure stocks jumped in tandem on the vaccine news, with Delta Air Lines rising 2.8% and American Airlines climbing 3.3%. Carnival gained 3.9%, and Norwegian Cruise Lines added 4.2%.   "Amid another record high last Monday it's remarkable that we're looking to start the week yet again on the upside," said E-Trade Financial's Chris Larkin. "The gains last week couldn't make up for the losses following the Fed confirming its intentions to taper its purchasing program."   Traders are eagerly awaiting the central bank's annual Jackson Hole, Wyo. symposium for clues on the Fed's timeline for dialing back its $120 billion a month bond-buying program. The event, originally scheduled as an in-person gathering, will now take place virtually on Thursday and Friday for the second year in a row. Yun Li | CNBC Markets and Investing Reporter @YunLi626 TOP NEWS  Stocks rally to start the week, Nasdaq closes at record after Pfizer vaccine approval FDA grants full approval to Pfizer-BioNTech's Covid shot, clearing path to more vaccine mandates U.S. evacuates 37,000 from Afghanistan as Taliban calls August 31 withdrawal deadline 'red line' Oil jumps as much as 6%, snapping longest losing streak since 2019 New York City mandates Covid vaccine shots for public school teachers and staff following FDA approval Wall Street is telling investors to prepare for the two big spending bills Congress is set to pass Deadly firefight erupts at Kabul airport as evacuation chaos continues into second week Microsoft stock hits fresh record after announcing Office 365 price hikes Hedge funds are dumping popular stocks including Disney and Microsoft, Goldman says Branson's Virgin Orbit to go public through a SPAC at $3.7 billion valuation   TOP VIDEO Focus on micro, not macro trends, Goldman's Jeff Currie says   CNBC PRO Top Wall Street analysts are underwhelmed by Robinhood. Here are their concerns   SPECIAL REPORTS Ending unemployment benefits had little impact on jobs and fueled $2 billion spending cut, study finds Disney wants to move Scarlett Johansson's lawsuit behind closed doors. Her lawyers want an open court   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS