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Stocks drift lower on Wall Street; yields continue to ease | News, Sports, Jobs

Stock futures rise on vaccine plan, bonds stabilize

The major futures indexes suggest a gain of 0.7% the opening bell. Following the recent emergency use approval of Johnson & Johnson’s COVID-19 vaccine, all U.S. adults will be able to receive a coronavirus vaccine by the end of May, President Biden announced on Tuesday. Biden during a press conference officially announced that pharmaceutical giant Merck & Co. is teaming up with rival Johnson & Johnson to help manufacture its recently-approved COVID-19 vaccine in a bid to speed the country s vaccination efforts, a process that began slowly but has accelerated in recent weeks. Texas and Mississippi officials have announced they are open for business, having dropped COVID restrictions.

Dow Finishes Down 144, Nasdaq Drops 230

Stocks closed broadly lower on Wall Street Tuesday, giving back some of their big gains from a day earlier. The S&P 500 fell 0.8% after earlier flipping between small gains and losses. A day before, the benchmark index had leaped 2.4% for its best performance since June. Technology and internet stocks accounted for much of […]

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