Stock market today November 20, 2020
November 20, 2020
Stock market today
A lower close for the US stock market today. Dow Jones lost 219 points, Nasdaq fell 49 points. Small-cap stocks outperformed.
S&P 500: 3,557.54,-24.33(-0.68%)
Dow 30: 29,263.48,-219.75(-0.75%)
Russell 2000: 1,785.34,+1.21(+0.07%)
Stock market news
“Stocks fell Friday as rising COVID-19 cases raised the specter that more restrictions would be unleashed across U.S. cities and states, threatening to crimp business activity and jeopardize the tenuous economic recovery. An apparent dispute between the U.S. Treasury and Federal Reserve over whether to renew some pandemic-era emergency lending programs also weighed on risk assets.
Investors weighed these risks against a steady flow of positive news over a vaccine. Pfizer (PFE) and BioNTech (BNTX) said they plan to file for an emergency use authorization with the U.S. Food and Drug Administration on Friday, which would allow them to have their vaccine used in the U.S. starting in December.”