The vaccine-related recovery rally appeared to stall today. After surging to intraday records earlier in the week, the Dow Jones and S&P 500 sharply declined today, while the Nasdaq mildly gained. The Dow Jones dropped 207 points, or 0.7%, while the S&P 500 declined 0.4%, and the Nasdaq rose 0.3%. As COVID cases continue surging to record highs, it appears that reality is beginning to set back in. Although the vaccine data is encouraging, it is still a long way until the finish line.
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