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Stocks Open Lower, With Tech Earnings in Focus

Provided by Dow Jones By Will Horner U.S. stocks fell amid concerns about Covid-19 vaccine distribution and a investors parsed a bumper day of earnings reports. The broad S&P 500 index lost 1.3% and the Dow Jones Industrial Average fell 340 points, or 1.1%. The technology-heavy Nasdaq Composite Index dropped 1.4%. Delays in the rollout of Covid-19 vaccines, coupled with lingering lockdown measures, marked a double whammy of bad news for investors, said Hani Redha, a portfolio manager at PineBridge Investments. I think the market expected that by now we would be talking about loosening, not tightening restrictions, he said. On the vaccine rollout, this is very problematic for the near term. It is very critical for shaping the growth bounce back, and these issues are just adding more delay to that.

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U S Stock ETFs Slide as Coronavirus Concerns Give Pause

Hani Redha, a portfolio manager at PineBridge Investments, pointed to the speed of distributing Covid-19 vaccines and lingering lockdown measures contributing to a ‘double whammy’ of bad news for markets, the Wall Street Journal reports. “I think the market expected that by now we would be talking about loosening, not tightening restrictions,” Redha told the WSJ. “On the vaccine rollout, this is very problematic for the near term. It is very critical for shaping the growth bounce back, and these issues are just adding more delay to that.” There were previously speculations of friction between AstraZeneca and European Union officials over a vaccine shortfall. Meanwhile, the Biden administration has set an optimistic target of providing enough coronavirus shots to vaccinate most of the U.S. with a two-dose regimen by the end of summer.

South africaSouth africanHani redhaCatherine doyleEuropean unionJones industrial averagePinebridge investmentsWall street journalNewton investment managementVictoria fernandezCrossmark global investmentsஹனி றேதாகேத்தரின் டாய்ல்ஐரோப்பிய தொழிற்சங்கம்ஜோன்ஸ் தொழில்துறை சராசரிசுவர் தெரு இதழ்

Stocks Drop on Concerns About Vaccine Rollout

Provided by Dow Jones By Will Horner and Paul Vigna U.S. stocks fell amid concerns about Covid-19 vaccine distribution and the pace of the economic recovery, while investors also parsed a bumper day of earnings reports. The Dow Jones Industrial Average fell 424 points, or 1.4%, and the S&P 500 dropped 1.8%. The Nasdaq Composite lost 1.6%. Delays in the rollout of Covid-19 vaccines, coupled with lingering lockdown measures, marked a double whammy of bad news for investors, said Hani Redha, a portfolio manager at PineBridge Investments. I think the market expected that by now we would be talking about loosening, not tightening restrictions, he said. On the vaccine rollout, this is very problematic for the near term. It is very critical for shaping the growth bounce back, and these issues are just adding more delay to that.

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MARKT USA/Wall Street zum Start uneinheitlich erwartet

MARKT USA/Wall Street zum Start uneinheitlich erwartet
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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U S Stocks Drop on New Risks

U S Stocks Drop on New Risks
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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