Dow skids to session low Friday morning amid report that Pfizer vaccines in EU may face delays

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U.S. stock market indexes Friday morning were trading at or near sessions lows after a report indicated some delays in the distribution of vaccines from Pfizer in Europe. AFP reported that the European Union’s Pfizer
PFE,
-0.14%
vaccine deliveries could be delayed ‘for next 3-4 weeks.’ The Dow was trading off 370 points, or 1.2%, at 30,620, the S&P 500 index
SPX,
-0.72%
was off 1.2% at 3,749, while the Nasdaq Composite Index
COMP,
-0.87%
was off 1.2% at 12,954. Stock benchmarks had been under pressure earlier in the session as investors digested President-elect Joe Biden’s COVID-19 fiscal spending proposal and weaker-than-expected retail sales reports. Investors are fixated on vaccine distributions as investors look toward the prospects of a recovery from the virus-stricken economy.

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