Stocks Mixed Amid Tech Slide on Big Options Day: Markets Wrap
- Pfizer targeting late November for Covid vaccine application
- Boeing Max judged safe to fly by Europe’s aviation regulator
Stocks were mixed as giant technology companies dropped amid Friday’s expiration of equity options. Earlier gains were driven by better-than estimated economic data. The dollar fell.
The S&P 500 closed little changed, while still notching its longest weekly advance since August, and the Nasdaq 100 dropped. Amazon.com Inc. sank as Citigroup Inc. said its statement on a recent sales event lacked the usual “biggest day ever” notation. The Dow Jones Industrial Average outperformed as Boeing Co. climbed after Europe’s regulator said the 737 Max plane may return to the region’s skies by year-end. Pfizer Inc. jumped after saying it could seek emergency-use authorization for its Covid-19 vaccine in the U.S. by late November if the shot is shown to be effective.