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November 21, 2020
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Dow market closed Friday (Nov 20) fell 219 amid concerns about the spread of the COVID-19 virus. And the use of blocking measures in the US.
Dow Jones Industrial Average The index fell 219.75 points, or 0.75%, to 29,263.48 points, the S&P 500 fell 24.33 points, or 0.68%, to 3,557.54 points, and the NASDAQ fell 49 .74, or 0.42%, to 11,854.97 points.
The United States is now No. 1 in the world in terms of COVID-19 cases. And the deceased More than 12 million people were infected and more than 258,000 died.
The media reported that the average rate of people infected by COVID-19 The American newspaper was 165,029 during the last seven days, 24% more than the previous week. As of yesterday, there were 187,833 new infections, a record.
The state of California announces a curfew to control the spread of COVID-19. While New York announced the closure of all public schools. After the number of infected people continued to rise
Joe Biden than the President of the United States. Confirmed that it will not issue a full US lockdown order to slow the spread of the COVID-19 virus.
“I will not order the economy to shut down. But I will turn off the virus. I would like to emphasize that there will be no closures across the country.”
The market is also under pressure from US Treasury Secretary Steven Mnuchin. It insists on not renewing the Federal Reserve (Fed) loan program to mitigate the effects of the COVID-19 outbreak.
Chicago Fed Chairman Charles Evans expressed his disappointment at the US Treasury Department’s action.
Evans said: The Fed’s projects are important to the market. In the midst of volatile conditions
Mr. Manu Chin said the Fed’s loan program to mitigate the effects of the $ 4.55 billion COVID-19 outbreak. It expires on December 31 and will not be renewed.
However, the Wall Street market has welcomed progress in developing a vaccine against COVID-19.
Pfizer Inc., the largest pharmaceutical company in the United States. And Biotech, a German pharmaceutical company, said it was preparing to file an application with the US Food and Drug Administration (FDA) today for approval of the COVID-19 vaccine. From the company is an emergency
If FDA approves This will allow Pfizer to gradually use the vaccine in different groups of Americans. By medical personnel, the elderly and people with health problems Will be vaccinated first While service groups in key sectors, teachers, homeless and inmates will receive the next group of vaccines. Followed by a group of children and teenagers
Pfizer is the first company to apply for an approval for the COVID-19 vaccine. Continuing with the FDA is an emergency. The company argues that the BNT162b2 vaccine is 95% effective against the COVID-19 virus. Which is higher than the Moderna Inc. vaccine, which gave a result of 94.5%.
However, Moderna vaccine can be stored at temperatures of 36 to 46 ° F. What is the temperature in a standard household refrigerator? And it can be stored for 30 days and can also be stored for up to 6 months if stored at -4 ° F. Pfizer vaccines should be stored at -94 ° F.
The US government has reached an agreement to purchase 100 million doses of the vaccine with Pfizer. It has the right to buy an additional 500 million doses, while the company will produce 50 million doses of the vaccine this year and 1.3 billion next.
