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MarketWatch MarketPulseDec 03, 2020
Dow loses momentum and S&P 500 ends lower in last hour of trade Thursday as Pfizer said to slash rollout target for COVID-19 vaccine
U.S. stocks finished mostly higher but lost momentum within Thursday's final hour of trade after the Wall Street Journal reported that Pfizer Inc. expects to ship half of the COVID vaccines it originally planned for this year because of supply-chain problems, but still expects to roll out more than a billion doses in 2021. The Dow Jones Industrial Average closed up 0.3% at around 29,969, but off its best levels Thursday at 30,110.88, pushing it below a closing record. The S&P 500 index finished 0.1% lower at 3,667, off its intraday high at 3,682.73, while the Nasdaq Composite Index [: COMP] rose 0.2% at 12,377, but well off its best level at 12,439.02. Markets had surged higher on Thursday U.S. stock indexes took a leg higher on the session after the U.S. Senate Majority Leader Mitch McConnell said reaching a compromise on another coronavirus fiscal package was possible, as long as Democrats moved toward Republican positions, offering some hope of progress toward a fiscal pact for bullish investors.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Wall Street Journal US BusinessDec 03, 2020
Walmart, Like Amazon, to Pay Holiday Bonuses to U.S. Workers
Walmart plans to pay another round of bonuses to U.S. workers as it seeks to retain and reward staffers managing a surge in sales during the coronavirus pandemic.
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