S&P 500, Dow dip on concerns over rising COVID-19 infections
22 Novembre, 2020, 19:53 | Auteur: Auguste Feret
NEW YORK, Nov 20 (Reuters) - The S&P 500 and the Dow edged lower on Friday as investors headed into the weekend grappling with disappointing fiscal stimulus news and uncertain efforts to combat a spiraling COVID-19 pandemic with vaccines.
Throughout the week, the ebb and flow of vaccine news and spiking infections had investors oscillating between economically sensitive cyclical stocks and pandemic-resistant market leaders.
Stay-at-home plays such as Zoom Video Communications Inc and Netflix Inc, which have outperformed throughout the health crisis, helped curb the NASDAQ's loss.
In tandem, a growing concern over Trump Administration's last-ditch attempt to coup against the state alongside a number of vengeful attempts to make it harder for the President-elect Joe Biden to overhaul a swathe of tormented trade ties, had added to further woes.
The Dow Jones Industrial Average fell 219.95 points, or 0.75%, to 29,263.28, the S&P 500 lost 24.22 points, or 0.68%, to 3,557.65 and the Nasdaq Composite dropped 49.74 points, or 0.42%, to 11,854.97.
Meanwhile, citing that the markets would likely to remain tumultuous until an approval and a mass-scale distribution of a potential pandemic vaccine, a Chief Investment Officer at Lenox Wealth Advisors in New York, David Carter said, "Markets are still stuck in a push-and-pull between the dramatic rise of new COVID cases versus apparent progress on vaccines". "This is likely to continue until we have an approved and distributed vaccine".
U.S. Treasury Secretary Steven Mnuchin on Friday defended his decision to end several of the Fed's pandemic lending programs on December 31, saying Congress should use the money to help small U.S. companies with grants instead.
Man dies in shark attack in Western Australia
But authorities are generally forced to close the beach once or twice a year when deadly saltwater crocodiles are spotted nearby. A man in his 50s has died after being attacked by a shark off Cable Beach, at Broome , on Western Australia's north coast.
"This dust-up between the Fed and the [US Department of the] Treasury could have serious implications, as markets want to see the two institutions working well together", Carter said.
Record infection numbers in the USA have caused COVID-19 hospitalizations to soar 50 percent and have prompted a new round of school and businesses closures, curfews and social distancing restrictions, hobbling economic recovery from the deepest recession since the Great Depression.
Pfizer Inc rose 1.2% as the company said it has applied to USA health regulators for emergency use authorization of its COVID-19 vaccine.
Of the 11 major sectors in the S&P 500, industrials were down the most, while utilities were enjoying the largest percentage gains. The drugmaker's shares rose 1.4%, and provided the biggest lift to the S&P 500.
However, the World Health Organisation advised doctors against treating Covid-19 patients with Gilead's remdesivir drug, stating that it had "no meaningful effect" on survival or need for ventilation.
Declining issues outnumbered advancing ones on the NYSE by a 1.06-to-1 ratio; on the NASDAQ, a 1.12-to-1 ratio favored advancers.
The S&P 500 posted 14 new 52-week highs and no new low, while the Nasdaq Composite recorded 132 new highs and eight new lows.
Steve Dickson a lui-même piloté l'avion lors d'un vol test en septembre et assuré qu'il y installerait sans problème sa famille. La compagnie American Airlines a néanmoins déjà prévu un vol fin décembre, sur une liaison entre Miami et New York .
Americans continued filing for unemployment claims at an elevated level last week, this time at a slightly accelerated pace. Congress created the extra federal benefits earlier this year with the passage of the CARES Act.
Sia said she spent three years researching and revealed that she had two people on the autism spectrum advising her at all times. Sia also said the character of Music was completely based on her neuro-atypical friend. "I did try", she admitted.
Donald Trump Jr , the eldest son of the President of the United States , has contracted the deadly coronavirus virus (COVID-19). The president and first lady Melania Trump also tested positive for Covid-19 last month.
On the other hand in Delhi , officials continued to impose a fine of Rs 500 on those who are not wearing masks in public places. Delhi government is also urging the hospitals to stall non-emergency operations so that Covid-19 patients get the maximum care.
On recense 1189 cas dans les dernières 24 heures, portant le total des contaminations à 130 888 à travers la province. Cette résidence privée pour aînés avait été fortement affectée par la première vague de COVID-19 au printemps.
On Monday, U.S. company Moderna said its version, mRNA-1273, had an efficacy of 94.5 percent in phase 3 clinical trials. The findings show the vaccine creates as strong an immune response in those over age 70 as it does in younger adults.
A recovery crew in a boat would pick up stage one, but it would take some time to determine what shape the rocket was in. As exciting as the splashdown and recovery were, the chief aim of "Return to Sender" was to get the 30 payloads aloft.
L'idée est que la Coupe ATP se joue uniquement dans l'État de Victoria , afin de limiter au maximum les déplacements. En conséquence, Djokovic a ouvertement mis en doute sa participation à l'ATP Cup, qui doit débuter le 1er janvier.
En 2016, Nick Gordon est reconnu responsable de sa mort et condamné à 36 millions de dollars de dommages et intérêts. Bobby Jr est né de sa relation avec Melika Williams , qu'il a quitté pour se mettre en couple avec Whitney Houston .
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HSE CEO Paul Reid today said all workers and their families have now been tested and none of them tested positive for the virus. As Denmark's mink crisis, sometimes referred to as "minkgate", rages on, a new mink cull in the Republic of Ireland has begun.
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Trump to take part in virtual G20 summit
The programme promotes an equitable distribution of Covid-19 vaccines including poor countries to rein in the pandemic. But G20 leaders face mounting pressure to help stave off possible credit defaults across developing nations.
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REGN-COV2 was one of the treatments President Donald Trump received after he was admitted to the hospital with Covid-19 . The US Food and Drug Administration will allow for the emergency use of Regeneron's Covid-19 antibody treatment .