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The Nasdaq Composite Index hit a new high, driven by Tesla, butS&PThe 500 index fell and there were reports thatPfizerPharmaceutical launch trimmedNew epidemic crown seedlingSupply.
Shares of electric carmaker Tesla rose 5%, and Goldman Sachs raised Tesla to “buy” before the company’s shares were included in the S&P 500 index.
The Wall Street Journal reported that Pfizer Pharmaceuticals faced vaccine-related supply chain hurdles and its share price fell 1.7% in response to price. Subsequently, the S&P 500 Index, closely followed, fell from its all-time high at the end of trading.
At 4:00 p.m. New York time, the S&P 500 Index fell 0.1% to 3,666.72 points and the Dow Jones Industrial Average was up 85.73 points, or 0.3%, to 29,969.52. points. The Nasdaq Composite Index rose 0.2% to 12,377.18 points.
The development of a new effective corona vaccine advanced before the end of the year, pushing the major Wall Street stock indices to a record high in recent days. Despite the economic damage caused by the epidemic, the S&P 500 Index still rose by about 13% in 2020.
Peter Cardillo, chief market analyst at Spartan Capital Securities, noted that “the news from Pfizer diluted previous earnings.” “We are experiencing a year-end Christmas rebound, but this year will be quiet. The economic stimulus plan is expected to return to the market. It looks like we can get what the economy desperately needs before the end of the year.”
IndexIQ chief investment officer Sal Bruno said: “I don’t think these numbers will start to return to normal until we start to see the launch of the vaccine. The market ignores them and expresses that they are eager to vaccinate the population in general in the first or first season. “
US Senate Majority Leader McConaughey said Congress has made some positive progress toward reaching a compromise on a new coronavirus assistance bill, but gave no clues as to when a deal could be reached. .
Widespread optimism about vaccines helped push the S&P 500 Aviation Index up 4%. Cruise operators Carnival and Norwegian Cruise Line Holdings increased more than 8%.
Boeing shares rose 6% after low-cost carrier Ryanair ordered an additional 75 737MAX jets at a price of $ 9 billion to provide an outlet for the struggling US aircraft manufacturer.
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