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S&P 500 dips at open after excitement over Covid-19 vaccine news fades

The Dow Jones Industrial Average rose 96.20 points, or 0.33%, at the open to 29,254.17.

Topics
Coronavirus | US stock market

Reuters 

Wall Street
FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York City. Reuters

The S&P 500 dipped at the open on Tuesday as excitement over signs of a first successful late-stage Covid-19 vaccine trial faded, while investors continued to pull money out of the big tech companies that have benefited most from the pandemic.

The Dow Jones Industrial Average rose 96.20 points, or 0.33%, at the open to 29,254.17.

The S&P 500 opened lower by 7.24 points, or 0.20%, at 3,543.26, while the Nasdaq Composite dropped 91.34 points, or 0.78%, to 11,622.44 at the opening bell.

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First Published: Tue, November 10 2020. 21:20 IST
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