US stocks mostly down as markets weigh virus, Fed | Malay Mail

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NEW YORK, Dec 14 — Wall Street stocks were mostly down in early trading today as markets weighed the latest pandemic developments and amid anticipation of a key Federal Reserve decision. Analysts pointed to fresh unease after Chinese officials imposed new restrictions in Zhejiang province to...

NEW YORK, Dec 14 — Wall Street stocks were mostly down in early trading today as markets weighed the latest pandemic developments and amid anticipation of a key Federal Reserve decision.

On the positive side, Pfizer said its new anti-Covid pill reduced hospitalizations and appears to be effective against the new strain of the virus.But the broad-based S&P 500 dropped 0.4 per cent to 4,649.84, while the tech-rich Nasdaq Composite Index tumbled 1.0 per cent to 15,255.72.

 

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