- Major US stock indexes tumbled on Monday.
- Despite a decline, the
Dow Jones industrial average is still on track for its best monthly gain since 1987. - Major US equity indexes have seen strong increases in November as Moderna and Pfizer announced COVID-19 vaccine progress that's boosted hopes of swift economic reopenings.
- Watch major indexes update live here.
US
Investors remain optimistic that a successful COVID-19 vaccine will help jump-start a swift reopening of the economy in 2021.
On Monday, Moderna surged after it announced that its vaccine was found to be 94% effective and that it would apply for emergency use authorization from the Food and Drug Administration
Here's where US indexes stood at 11 a.m. ET on Monday:
- S&P 500: 3,610.45, down 0.8%
- Dow Jones industrial average: 29,584.04, down 1.1% (327 points)
- Nasdaq composite: 12,099.05, down 0.9%
S&P Global said it would acquire IHS Markit in an all-stock deal worth $44 billion. IHS Markit traded up as much as 7% as investors cheered a merger of two data providers.
DoorDash and Airbnb remain on the path to go public by the end of this year, as they both seek increased valuation debuts in a surging
Oil prices fell. West Texas Intermediate crude dropped as much as 2.4%, to $44.42 per barrel. Brent crude, oil's international benchmark, declined 2.8%, to $46.85 per barrel, at intraday lows.
Gold declined as much as 1.3%, to $1,764.80 per ounce.