US stocks flat as Pfizer, Moderna shares tumble | Malay Mail

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NEW YORK, May 6 — Wall Street stocks were little changed early today following upbeat US jobs data, while both Pfizer and Moderna slumped on worries about diminished profits from Covid-19 vaccines. US Labor Department said new applications for unemployment benefits fell to 498,000 last week, a...

People walk on Wall St. outside the New York Stock Exchange in New York August 7, 2019. — Reuters picNEW YORK, May 6 — Wall Street stocks were little changed early today following upbeat US jobs data, while both Pfizer and Moderna slumped on worries about diminished profits from Covid-19 vaccines.

The figures come ahead of Friday’s highly-anticipated government jobs report for April, which is expected to show blowout employment gains. The broad-based S&P 500 dipped 0.1 per cent to 4,163.75, while the tech-rich Nasdaq Composite Index dropped 0.3 per cent to 13,544.67. Pfizer fell 2.5 per cent and Moderna tumbled 8.5 per cent after the Biden administration backed a global waiver on patent protections for Covid-19 vaccines in an effort to get the doses out to poor countries more rapidly.

 

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