Weekly Market Snapshot – November 9th, 2020
Created by: Sam Tenney
- As of today, Monday November 9th, Pfizer has announced a 90% effective Covid-19 vaccine during trial testing. Major indices Dow Jones and S&P opened today up over 4% on the news. ¹
- In the aftermath of a World Trade Organization lawsuit against the US for market manipulating aid to Boeing, the EU has levied around $4 billion dollars in tariffs on US goods, mainly Boeing jets.²
- The pace of economic recovery continues to slow according to JP morgan, as October total non-farm payroll increased by 638,000 for a 0.5% total increase in employment, the slowest growth to date in payroll. Current total unemployment is at 6.9%.³
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