Stock Market Weighs Hovering COVID-19 Circumstances, Progress On Vaccines By Fintech Zoom
By Jesse Cohen
Fintech Zoom – Stocks on Wall Street ended decrease on Friday, as traders weighed the worrying enhance of recent in opposition to obvious progress on .
The fell 219 points, or 0.8%, to shut the day at 29,263. The shed 0.7% to settle at 3,557, whereas the ended the session down 0.4% at 11,854.
For the week, the Dow and S&P 500 misplaced 0.7% and 0.8%, respectively, to publish their first weekly decline in three weeks. The tech-heavy Nasdaq nonetheless managed to attain a acquire of 0.2% over that timeframe.
Coronavirus instances are hovering throughout the U.S., main a handful of states and cities to reimpose social distancing restrictions to attempt to gradual the speedy unfold of the illness forward of the winter season.
Public well being professionals are additionally urging individuals to surrender on vacation gatherings, with the Thanksgiving vacation just some days away.
The largest query out there proper now could be whether or not the damaging headlines of hovering virus instances and renewed lockdowns will probably be sufficient to derail the optimistic developments seen on the vaccine entrance.
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Market information on CNN.