The Dow Jones soared nearly 500 points on Wednesday following Bernie Sanders’ decision to quit his presidential campaign. Meanwhile, White House Health Advisor Anthony Fauci estimated the United States could see a slight outbreak decay next week and New York Mayor Bill De Blasio revealed coronavirus hospitalization rates in the city begun to stabilize. The Dow advanced 2.53% at 11:44 am ET, while the Nasdaq 100 gained 1.81% at the same time. A minute later, the S&P 500 jumped 2.31%. “The path toward victory is virtually impossible,” said Sanders in a webcast that he started by thanking his supporters. “I have concluded that this battle for the Democratic nomination will not be successful.” Just two months ago, Wall Street analysts were warning about a potential drop for stocks SPX, +2.26% DJIA, 2.38% if Sanders, a democratic socialist, continued to perform well in the fight to become the Democratic nominee challenging President Donald Trump in November. But Biden re-emerged as the favorite in the party’s White House race about a month ago, powered by primary wins in South Carolina and the Super Tuesday states. Sanders — Vermont’s junior senator and a fundraising juggernaut — had been facing calls to drop out in recent weeks. Nick Note: No need to run two socialists. Comrade Trump is doing a fine job pushing America into s socialists utopia.