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US stocks slip on Wall Street; S&P 500 backs off record - Black News Channel

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By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers U.S. stocks are are slipping Wednesday and pulling back from their recent record highs as virus cases surge and coronavirus vaccines move closer to distribution. A vaccine from Pfizer and German partner BioNTech, which is already in use in the U.K., is on track for a positive review and potential approval in the U.S. within the next week. The Food and Drug Administration will also consider a vaccine developed by Moderna later this month. The prospect for a vaccine is giving Wall Street hope that the economy is nearing a […]

The post US stocks slip on Wall Street; S&P 500 backs off record appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
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