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Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink

Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink

NEW YORK (AP) — U.S. stocks fell to their worst loss since Election Day as the boost that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading. The S&P 500 sank 1.3% Friday to close a losing week. The Dow Jones Industrial Average dropped 0.7%, and the Nasdaq composite fell 2.2%. Moderna and other makers of vaccines helped drag the market down after President-elect Donald Trump named Robert F. Kennedy Jr., an anti-vaccine activist, to be his health secretary. Treasury yields swung following stronger-than-expected reports on the economy.… Continue Reading

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