Bullish momentum accelerates, S&P 500 extends to uncharted territory

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U.S. stocks have taken flight early Monday, rising amid optimism over a successful final-phase coronavirus vaccine trial.

Against this backdrop, the major U.S. benchmarks have extended an already-aggressive November rally, rising early Monday to tag record highs.

Before detailing the U.S. markets’ wider view, the S&P 500’s  hourly chart…