5 issues to know earlier than the inventory market opens November 20, 2020
This is an important information, tendencies and evaluation that traders want to start out their buying and selling day:
Pfizer and BioNTech stated they’re going to apply with the FDA on Friday for emergency use authorization for his or her vaccine, the primary to undergo the regulatory course of. On the similar time, the U.S. on Thursday recorded coronavirus cases of 187,883, by far the nation’s single-worst day throughout the pandemic.
Two Covid stimulus developments are additionally being assessed on Wall Road. First Treasury Secretary Steve Mnuchin determined to chop the Federal Reserve’s lending energy, though the choice could be reversed by Mnuchin or a brand new Biden Treasury secretary. Second, Senate Majority Chief Mitch McConnell, R-Ky., has agreed to resume negotiations with Democrats over a possible new coronavirus aid invoice, Sen. Chuck Schumer, D-N.Y., stated.
Below the Pfizer-BioNtech deal, the 27 EU nations…