Stocks fall as investors pause after vaccine-fueled rally: Nov 17
Stocks fell Tuesday as momentum from Monday’s rally lost steam. The S&P 500 and Dow each declined, after both indices posted record closing highs a day earlier. After Moderna’s (MRNA) released preliminary data Monday morning showing its vaccine candidate was 94.5% effective in preventing coronavirus infections, investors are set to watch to see whether equities follow a similar playbook as they did last week, when news that Pfizer’s (PFE) vaccine candidate was 90% effective in preventing COVID-19 first emerged.
