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The stock market was higher on Monday, as a jump in commodity prices moderated and Merck submitted its Covid-19 pill to the Food and Drug Administration for emergency approval.
By midday, the Dow Jones Industrial Average was up 193 points, or 0.6%, after the index slipped 8 points Friday to close at 34,746. The S&P 500 and Nasdaq Composite were both up 0.5%. All three indexes had been down in the morning, as higher oil prices and bond yields weighed on stocks.