A man walks through the rain on Wall Street outside the New York Stock Exchange October 9, 2019. — Reuters pic
NEW YORK, Dec 2 — Wall Street stocks pulled back from records early today following lacklustre US jobs data, despite the first approval of a Covid-19 vaccine by a western country. Britain cleared the Pfizer-BioNTech vaccine beginning next week, a major step in efforts to move the global economy beyond the coronavirus pandemic.
Optimism about vaccines has propelled US stocks to records in recent sessions, but the Dow Jones Industrial Average was down 0.3 per cent at 29,741.57. About 20 minutes into trading, the broad-based S&P 500 slipped 0.2 per cent to 3,654.16, while the tech-rich Nadaq composite Index tumbled 0.9 per cent to 12,243.58.Payroll services firm ADP said private jobs rose 307,000 last month, seasonally adjusted, with firms of all sizes showing increases, though that gain lagged the expected level and was slower than October’s upwardly revised gain of 404,000.Among individual companies, Slack Technologies fell 3.
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