London Capital Group | Nov 19, 2020 07:30
The Day Ahead
Quote of the day
"Never have more children than you have car windows.” – Erma Bombeck.
U.S. stocks fell for a second straight day on Wednesday as the market’s recent rally to new records took a pause. The Dow Jones dropped 344 points, or 1.2%, to 29,438.42 in a volatile session, after rising as much as 147 points at its session high. The tech-heavy Nasdaq Composite fell 0.8%. European markets closed higher Pfizer (NYSE:PFE) said final analysis had shown its vaccine was 95% effective and would be submitted to the U.S. Food and Drug Administration (FDA) for approval within days. Bitcoin surged above $18,000 intraday (just shy of $18,500).
Mayor Bill de Blasio announced New York City’s public schools will move to remote learning only as the city tries to tamp down a growing number of coronavirus cases. The U.S. is recording roughly 157,000 new coronavirus cases per day, on average.
Written By: London Capital Group
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