- The major Wall Street indices opened little changed on Wednesday.
- Six of the top 11 sectors trade in positive territory.
- Latest news on coronavirus vaccine fails to boost market confidence.
The major stock indices in the US They started the day with little change on Wednesday, as the latest headline about Pfizer’s coronavirus candidate vaccine failed to boost risk sentiment. At time of writing, the Dow Jones Industrial Average was up 0.13% on the day to 29,824, the S&P 500 was flat at 3,609 and the Nasdaq Composite was losing 0.15% to 11,960.
Hours earlier, Pfizer announced that the vaccine it developed with BioNTech was 95% effective in the final efficacy analysis of the phase three trial. However, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, was down just 1.5% on the day, suggesting that the impact of this announcement on risk perception was limited.
Six of the top 11 S&P 500 sectors are trading in positive territory after the opening bell, confirming investor indecision. Among the winners, the industrial index rose 0.5%. On the other hand, the defensive Real Estate Index lost 0.35%.
S&P 500 chart (daily)
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