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Added on the 18/12/2015 23:05:25 - Copyright : Reuters EN
New York (USA), Nov 9 (EFE / EPA), (Camera: Alba Vigaray).- US stocks rocketed on Monday after American pharmaceutical giant Pfizer announced that its candidate Covid-19 vaccine was 90% effective.FOOTAGE OF NEW YORK STOCK EXCHANGE
Getty Images US stocks extended losses into Monday's close as a lack of stimulus progress cut into hopes for a pre-election deal. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to ink a deal. She later told Democrats that significant obstacles in reaching a compromise remain. Even if an agreement is reached, the bill is set to die in the Senate as Republicans push a $500 billion measure. The US notched its fifth-straight day of more than 50,000 new cases, reviving fears of new lockdowns and a hit to economic recovery.
The carnage marked the blue chip index's worst start to a year in more than a century. The Nasdaq lost more than 3 percent. Fred Katayama reports.
A massive sell-off sent the big U.S. indices into correction territory amid a global rout. But the markets won't enter a bear market, predicts one analyst. Fred Katayama reports.
The Dow and S&P 500 shed all of the year's gains in Tuesday's trading. The strong dollar was among the culprits. Fred Katayama reports.
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