The stock market opened slightly higher today thanks to positive vaccine news from Pfizer and despite the U.S. ordering China to close its consulate in Houston by skleb1234
The stock market opened slightly higher on Wednesday thanks to positive vaccine news from Pfizer and despite the U.S. ordering China to close its consulate in Houston—a move that further escalates tensions between the world’s largest economies.The Dow Jones Industrial Average was up 0.3%, nearly 100 points, on Tuesday, while the S&P 500 rose 0.1% and the tech-heavy Nasdaq Composite lost 0.1%.
, saying the decision was made in order to protect intellectual property and private information of citizens. Beijing condemned the decision: Foreign Ministry spokesperson Wang Wenbin called the move “an unprecedented escalation,” vowing that “China will react with firm countermeasures.”to produce and deliver 100 million doses of their coronavirus vaccine—if it passes clinical trials, the companies announced Wednesday.
More companies also disclosed earnings: Snapchat missed expectations after reporting fewer than expected daily active users, while United Airlines reported aTech stocks were largely steady at Wednesday’s open, after dragging the Nasdaq lower in the previous session. Major companies like Microsoft and Tesla both report quarterly earnings later in the day. Investors will be watching closely if Tesla reports profitability, which could make the company qualify to becomeBoth the surge in U.S. coronavirus cases and rising tensions with China could spark a 20% to 30% meltdown in the stock market, Ed Yardeni, president of Yardeni Research,
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