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

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.