- Major stock indices opened slightly higher on Friday.
- The major sectors of the S&P 500 are trading mixed after the opening bell.
- The US FDA is expected to approve Moderna’s COVID-19 vaccine later that day.
The main Wall Street indices They started on the last day of the week with small gains but appear to be struggling to gain momentum. At time of writing, the Dow Jones Industrial Average was flat on the day at 30,292, the S&P 500, which hit a new all-time high of 3,726, posted small gains at 3,722. Finally, the Nasdaq Composite advanced 0.04% to 12,756.
Reflecting the indecision in the markets, 6 of the top 11 S&P 500 sectors are trading green, while 5 of them post small losses. At the moment, the real estate index is down 0.4%. On the other hand, the Materials Index has risen 0.3%.
Meanwhile, investors await further developments around the stimulus talks. The latest headlines suggest that lawmakers are closing on the completion of the $ 900 billion coronavirus aid bill. Additionally, the US Food and Drug Administration (FDA) is expected to approve Moderna’s coronavirus vaccine for emergency use, but this is already priced in the markets and unlikely to trigger a reaction. significant in the market.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
