Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  USA  >  S&P 500    SP500

S&P 500

(SP500)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

Wall Street dips on fading stimulus concerns

11/20/2020 | 12:46pm EST

Wall Street fell at the open Friday as fears grew over the fading fiscal stimulus and the blow to the economy from the surge in coronavirus cases.

Treasury Secretary Steven Mnuchin's comments Friday didn't lift investor sentiment. He defended his decision to end the Federal Reserve's key pandemic lending programs on December 31.

Financial stocks such as JPMorgan Chase and Visa helped drag the Dow and S&P 500 lower. Microsoft, Amazon and Facebook weighed on the Nasdaq. Shares of Pfizer and BioNTech rose. Pfizer said it'll apply to U.S. health regulators to permit emergency use of the COVID-19 vaccine it developed with its German partner, BioNTech. But the latest positive developments on vaccines this week haven't been able to drive the S&P 500 beyond the all-time high it hit Monday.

Thomson Reuters Stocks Buzz Analyst, Terence Gabriel:

"Even with the additional positive news we have seen on the vaccine front, we.have yet to move above that high. So it does seem as if it's struggling here, perhaps internally overheated and focused though stimulus."

Shares of Gilead Sciences fell. A World Health Organization panel said Gilead's antiviral drug, remdesivir, should not be used for hospitalized COVID-19 patients, saying there's no evidence the drug improves survival or reduces the need for ventilation.


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BIONTECH SE -1.40% 103.23 Delayed Quote.26.63%
DJ INDUSTRIAL 0.83% 31188.38 Delayed Quote.1.06%
FACEBOOK INC 2.44% 267.48 Delayed Quote.-2.08%
GILEAD SCIENCES, INC. 1.37% 67.99 Delayed Quote.16.70%
JPMORGAN CHASE & CO. -1.50% 135.97 Delayed Quote.8.63%
MICROSOFT CORPORATION 3.65% 224.34 Delayed Quote.-2.69%
NASDAQ 100 2.31% 13296.450006 Delayed Quote.0.84%
NASDAQ COMP. 1.97% 13457.247715 Delayed Quote.0.86%
PFIZER INC. -0.63% 36.5 Delayed Quote.-0.84%
S&P 500 1.39% 3851.85 Delayed Quote.2.55%
All news about S&P 500
05:32pWall Street closes at record highs as Netflix jumps, Biden inaugurated
RE
05:12pCLOSE UPDATE : Stocks Hit Record Highs as Biden Inauguration Lifts Investor Mora..
MT
05:09pWALL STREET STOCK EXCHANGE : Stocks Hit Records on Upbeat Earnings
DJ
04:32pEquities hit record highs, oil and dollar edges higher as Biden takes office
RE
04:27pRetail Clients Drive Last Week's Inflows as S&P 500 Dips After Consecutive Th..
MT
04:25pEquities hit record highs, oil and dollar edges higher as Biden takes office
RE
04:22pWALL STREET STOCK EXCHANGE : Stocks Climb to Records on Big Earnings Day
DJ
04:14pSTREET COLOR : US Treasury, Equities Closing Levels for Wednesday
MT
04:11pDollar slides vs. most currencies on optimism about Biden administration
RE
04:01pUS Hotel Industry Posts Decline in Revenue Per Available Room, Occupancy
MT
More news
Chart S&P 500
Duration : Period :
S&P 500 Technical Analysis Chart | SP500 | US78378X1072 | MarketScreener
Technical analysis trends S&P 500
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop S&P 500
NETFLIX, INC. 586.34 Delayed Quote.16.85%
FORD MOTOR COMPANY 10.86 Delayed Quote.8.38%
INVESCO LTD. 21.57 Delayed Quote.6.52%
PULTEGROUP, INC. 46.69 Delayed Quote.6.09%
LENNAR CORPORATION 82.53 Delayed Quote.5.48%
TECHNIPFMC PLC 11.3 Delayed Quote.-3.58%
LIVE NATION ENTERTAINMENT, INC. 73.73 Delayed Quote.-3.67%
US BANCORP 45.58 Delayed Quote.-5.18%
CONCHO RESOURCES INC. 65.6 Delayed Quote.-6.02%
BANK OF NEW YORK MELLON CORPORATION (THE) 42.49 Delayed Quote.-7.27%
Heatmap :