Stock Rally Peters Out After Vaccine Euphoria: Markets Wrap

(Bloomberg) — A rally in global stocks stalled in Asian trading Tuesday amid concern that a promising coronavirus vaccine study still has hurdles to clear. Bonds and other haven assets steadied after overnight declines.Shares pared gains in Japan, Hong Kong and Australia, while Chinese stocks fell. S&P 500 futures fluctuated and European contracts dipped. Risks such as the outlook for fresh U.S. fiscal stimulus, surging coronavirus cases and legal challenges to the U.S. election outcome also weighed on sentiment.Earlier, the S&P 500 closed at a two-month high on news the coronavirus shot being developed by Pfizer Inc. and BioNTech SE …read more

Source:: Yahoo Finance

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