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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.

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Yahoo BusinessDec 03, 2020
Small-Cap Stocks Beat Dow Jones, DocuSign Jumps After Hours; Will These 7 Stock Market Leaders Jam In Q4?

Market Snapshot: Dow pulls back from record, S&P 500 finishes lower on doubt about vaccine distribution (MarketWatch)

MarketWatchDec 03, 2020
The Ratings Game: XPeng downgraded at UBS, as stock has run up too much to keep buying
Shares of XPeng Inc. turned lower Thursday after the China-based electric vehicle maker was downgraded at UBS, as analyst Paul Gong suggested they had run up too much to recommend investors buy at current levels.

MarketWatch MarketPulseDec 03, 2020
Southwest tells employees it could furlough thousands next year
Southwest Airlines Co. on Thursday told more than 6,800 employees that their jobs are at risk without concessions from labor unions or federal aid as the pandemic continues to cut demand for air travel, the Wall Street Journal reported. The furloughs, if they come to pass, would be a first in Southwest's history, the report said. Shares of Southwest rose more than 2% Thursday and are down around 10% this year, contrasting with gains around 14% for the S&P 500 index.

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

MarketWatch MarketPulseDec 03, 2020
Post-it maker 3M to cut 2,900 jobs globally in new restructuring
3M Co. said Thursday it is planning a restructuring that will impact 2,900 jobs globally as the Post-it maker and diversified industrial company moves to align operations with the changing economy in the face of the coronavirus pandemic. "The COVID-19 pandemic has advanced the pace of change and disrupted end markets around the world, increasing the need for companies to adapt faster," said Mike Roman, 3M chairman and chief executive officer in a statement. 3M already introduced a new global operating model in January, and is now aiming to better use analytics to drive efficiencies. The company is expecting to book pretax charges of $250 million to $300 million, of which $120 million to $150 million will be booked in the fourth quarter. The company expects to generate annual pretax savings of $200 million to $250 million, with $75 million to $100 million expected in 2021. Shares were down 0.1% premarket and have fallen 1.6% in the year to date, while the Dow Jones Industrial Average has gained 4.7% and the S&P 500 has gained 13.6%.

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

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