REUTERS: U.S. stocks struggled for direction on Monday as investors weighed prospects of a post-pandemic economic recovery against protests across the country over race and an ongoing standoff between Washington and Beijing.
"The market is reacting somewhat to the rioting and U.S. and China tensions, but it's only at the margin." At 11:33 a.m. ET, the Dow Jones Industrial Average was up 8.31 points, or 0.03per cent, at 25,391.42, the S&P 500 was up 1.61 points, or 0.05per cent, at 3,045.92. The Nasdaq Composite was up 29.94 points, or 0.32per cent, at 9,519.82.Pfizer Inc fell 8.5per cent after the drugmaker said the late-stage trial of its breast cancer drug Ibrance was unlikely to meet the main goal of study.
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