Stocks surge as Goldman reports huge profit

The stock market surged on Wednesday, following a strong showing from Goldman Sachs in quarterly earnings and positive COVID-19 vaccine news from Moderna.The Dow Jones Industrial Average spiked 380 points, or 1.4 percent, and the S&P 500 increased 35 points, or 1.1 percent.Goldman Sachs announced $2.42 billion in profits for the second quarter, 65 percent higher per share than expected.The bank navigated deep volatility in the markets, and…