The US stock market has risen after the promising outlook of a COVID-19 vaccine was announced by Pfizer and BioNTech.

The release of a potential cure being available soon has raised hopes among the nation, who have endured business shut downs and the death of over 230,000 Americans.

Companies that have suffered the most from the pandemic, such as airlines and cruise operators, have rocketed, as well as banks and oil firms seeing an increase.