US Stock Market Overview – Stocks Close Mixed as Vaccines are Distributed
U.S. stocks were mixed on Monday, as the Nasdaq rallied while the Dow Declined. Initially the reopening stocks gained traction but slid during the session as the stay-at-home stocks rallied. Sectors in the S&P 500 index were mixed. Healthcare and technology led the markets higher while Energy shares underperformed. The first U.S. Covid-19 vaccinations outside of clinical trials began Monday, kicking off the most urgent mass immunization campaign since the 1950s. Electors officially voted for President-Elect Biden, making the inauguration in January a certainty.
Moderna Likely to Get Approval This Week
The first people to receive the coronavirus shot were health workers throughout the U.S. Pfizer Inc. and BioNTech SE developed the vaccine. Pfizer was shipped vaccine vials, and hospitals and health departments across the country received them early Monday. Some 145 U.S. hospitals and other sites were slated to receive vaccine doses Monday, followed by 425 on Tuesday and 66 on Wednesday, according to Gen. Gustave Perna, chief operating officer of Operation Warp Speed, the federal initiative to deliver Covid-19 vaccines.
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Stimulus Still Possible
A bipartisan group of congresspeople made an effort to spur movement toward legislation that can get through the GOP-controlled Senate and Democratic-held House. Lawmakers from both chambers plan to release a $908 billion rescue bill Monday. Rep. Josh Gottheimer, a New Jersey Democrat and co-chair of the bipartisan House Problem Solvers Caucus that helped spark the deal, said he hoped the bill would help shape a proposal Congress can pass this week.