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  • Wall Street stocks were mixed early Wednesday despite big gains by Boeing and Pfizer as the market weighs rising coronavirus cases and lofty equity valuations. Boeing won US government approval to return its 737 MAX to the skies after two deadly crashes, while Pfizer said it planned to apply for emergency use authorization of a coronavirus vaccine "within days" following clinical trials. Boeing and Pfizer -- which are both in the Dow -- both rose about three percent, lifting that index 0.4 percent to 29,909.74. About 20 minutes into trading, the broad-based S&P 500 was up 0.1 percent at 3,613.26, while the tech-rich Nasdaq Composite Index fell 0.1 percent to 11,888.43. Despite the positive news for Boeing and Pfizer, markets are contending with spiking Covid-19 cases in the United States that are prompting new restrictions. Stocks have already risen significantly in November in anticipation of positive coronavirus vaccine developments and in the aftermath of the US presidential election. jmb/cs
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  • US stocks open mixed as Boeing, Pfizer rally
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