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Wall Street mixed as vaccine hopes collide with poor jobs data | Malay Mail

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WASHINGTON, Dec 3 — Wall Street stocks were mixed on Wednesday, with the Nasdaq dipping and S&P 500 index climbing as investors weighed upbeat vaccine developments and a potential coronavirus fiscal package with a bleak private jobs report. Republicans and Democrats in Congress remained...

A commuter walks on Wall Street across from the New York Stock Exchange January 10, 2019. — Reuters pic

Signs of progress in the race to distribute a vaccine have driven US stocks higher in recent days. In the latest upbeat development, Pfizer Inc and BioNTech’s Covid-19 vaccine got the green light fore in Britain, the first Western country to approve a shot for Covid-19. Pfizer rose 3 per cent and BioNTech jumped 5 per cent.

The biggest drag on the blue-chip Dow was a near 9 per cent drop in Salesforce.com Inc after it agreed to buy workplace messaging app Slack Technologies Inc in a US$28 billion deal as it bets on an extended run for remote working. Slack fell about 2 per cent.

 

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