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11/20/2020, 3:31 PM (Source: TeleTrader)
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Wall Street opens in red on vaccine, relief talks

Major stock markets in the United States kicked off Friday's session lower as the discussion regarding additional economic stimulus continued between the Democrats and the GOP. News on the COVID-19 vaccine front pushed somewhat positive sentiment, as Health Secretary Alex Azar recently revealed Pfizer's vaccine could be soon approved by the Food and Drug Administration.

The coronavirus pandemic continued to significantly impact activity in the country. The official data showed that record 187,833 new positive cases were seen over the past day, while California imposed a one-month curfew in most affected counties.

The Dow Jones dropped 0.19% at the open, as JPMorgan Chase & Co. declined 0.96%. The Nasdaq 100 stood slightly in the red at the open, with Workday losing 5.43%. The S&P 500 fell 0.06%. Gilead led the losses, decreasing 0.96%. The euro lost 0.07% to sell for $1.18698 at 9:33 am ET.

Breaking the News / ND