Wall Street climbs on vaccine hopes, upbeat retail sales data

S&P 500 opens deep in red for third straight day

U.S. Stocks Skid at Open on Stimulus Pessimism

USA stocks closed mixed as the Dow Jones Industrial Average achieved its first daily gain in four sessions on strong United States consumer data. The Nasdaq Composite Index decreased 42.32 points, or 0.36 percent, to 11,671.56.

All 11 major sectors of the S&P 500 trade in the negative territory after the opening bell and with the Energy Index is leading the decliners with a loss of 2.5%.

United States stocks were mixed on Friday, with the S&P 500 and Dow finishing the week in the black just shy of the all-time weekly closing highs.

The Dow is up 67.87 points, or 0.2%.

The moves came after data showed US retail sales rose more than expected last month.

Pfizer stock was up 2.2% to $37.33. Expectations had been for retail sales to increase by 0.7%, up from a 0.6% rise in August.

Major equity indexes in the United States opened sharply lower on Thursday as safe-haven flows continue to dominate financial markets.

Spread betting quotes suggest the Dow Jones Industrial Average will open at around 28,537, up 43 points on last night's close.

The Russell 2000 fell 3.74 points, or 0.2%.

The Nasdaq added 91.61 points, or 0.8%.

Sentiment has been boosted by some positive developments on the race to develop a vaccine to combat the coronavirus (COVID-19). Economists polled by MarketWatch had forecast a 1.2 percent increase.

USA stocks closed mixed on Friday as investors pored through the nation's monthly retail sales data.

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