US STOCKS-Wall St jumps on stimulus hopes, hints of Trump's return to White House

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* Doctors to weigh if Trump can leave hospital Monday -
Trump aide
* Regeneron jumps as Trump takes dose of its dual antibody
* MyoKardia surges on takeover deal with Bristol-Myers
* Service sector activity rises above pre-pandemic level
* Indexes up: Dow 0.92%, S&P 1.01%, Nasdaq 1.38%

(Updates to open)
By Devik Jain and Sagarika Jaisinghani
Oct 5 (Reuters) - Wall Street's main indexes jumped on
Monday, recovering from a sharp fall in the previous session as
hints President Donald Trump could return to the White House and
hopes of a new fiscal stimulus bill lifted sentiment.
Although Trump's medical condition remained unclear as he
began a fourth day at the military hospital where he is being
treated for COVID-19, his doctors have said he could be
discharged as soon as Monday. Ten of the 11 major S&P indexes were up, with energy
.SPNY , the worst performing sector this year, rising 1.3%.
Materials .SPLRCM and financials .SPSY were also among the
biggest gainers in early trading.
Shares of Regeneron Pharmaceuticals Inc REGN.O jumped 6.0%
after Trump's physician said he had been treated with an
intravenous dose of Regeneron's dual antibody treatment.
"One of his treatments was an experimental drug from
Regeneron (and) that's showing that this could be a major
component to treatments moving forward for people," said Thomas
Hayes, chairman at Great Hill Capital LLC in New York.
Wall Street's main indexes sold off sharply on Friday after
Trump's announcement that he had contracted the disease added to
political uncertainty just a month away from voting in the
presidential election.
White House Chief of Staff Mark Meadows said on Monday there
was still potential to reach agreement with U.S. lawmakers on
more coronavirus relief and that Trump was committed to getting
the deal done. "This is not yet priced into markets (and) if new convincing
fiscal measures are announced this week, expect to see a further
rally in risk assets," said Hussein Sayed, market strategist at
FXTM.
At 10:07 a.m. ET, the Dow Jones Industrial Average .DJI
was up 0.92%, the S&P 500 .SPX was up 1.01%, and the Nasdaq
Composite .IXIC was up 1.38%.
Doubts about the scale of further fiscal aid and a slowing
economic recovery have weighed on the S&P 500 recently, with the
benchmark index in September logging its worst month since the
coronavirus-driven crash earlier this year.
But latest data showed the services industry's activity
picked up in September, pulling above a level that prevailed
before the pandemic struck the United States. Heavyweight tech-related stocks including Apple Inc
AAPL.O , Nvidia Corp NVDA.O , Amazon.com Inc AMZN.O and
Microsoft Corp MSFT.O were up between 0.5% and 1.9% after
weighing heavily on the Nasdaq .IXIC on Friday.
The S&P banking subindex .SPXBK rose 1.0% as the U.S.
Treasury 30-year yield hit its highest since late August. US/
Real estate .SPLRCR - considered a defensive play - was
the only S&P sector in the red.
MyoKardia Inc MYOK.O surged 58.1% after Bristol-Myers
Squibb Co BMY.N said it would buy the company for about $13
billion. Shares of Bristol-Myers slipped 0.6%. Advancing issues outnumbered decliners more than 3-to-1 on
the NYSE and on the Nasdaq.
The S&P index recorded 19 new 52-week highs and no new low,
while the Nasdaq recorded 70 new highs and two new lows.