NEW YORK: Wall Street stocks were mixed early Wednesday despite big gains by Boeing and Pfizer as the market weighs rising coronavirus cases and lofty equity valuations. Boeing won US government approval to return its 737 MAX to the skies after two deadly crashes, while Pfizer said it planned to apply for emergency use authorization of a coronavirus vaccine "within days" following clinical trials. The companies said they plan to ask U.S. regulators within days to allow emergency use of the vaccine. Instead, those investors are focusing on next year, when a vaccine or two could have the global economy operating closer to normal again. That has investors again embracing stocks that were beaten down by the weakened, closed economy of the pandemic, such as airlines and stocks of smaller companies.

Source: Mint November 18, 2020 15:22 UTC