Global rally slows, but optimism over vaccine remains high
NEW YORK (AP) — A worldwide stock market rally slowed down on Tuesday even as optimism remains high that the global economy may be on track for a return to normal. It’s the second straight day that rising hopes for a coronavirus vaccine have investors reordering which stocks they see winning and losing. The S&P 500 fell 0.1%, pulled down by drops in Big Tech companies like Microsoft, which have managed to thrive amidst the pandemic shutdowns. The tech-heavy Nasdaq fell, but small-company stocks and crude oil prices rose in a sign of improving confidence in the broader economy.
Become a Subscriber!
You have read all of your free articles this month. Select a plan below to start your subscription today.
Already a subscriber? Login
