Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
U.S. stocks fell on Friday, with the S&P 500 dropping 1.3%, marking its worst day since before the presidential election. The Dow Jones Industrial Average lost 305 points (0.7%), and the Nasdaq composite slid 2.2%.
The market’s decline was partly driven by concerns over vaccine manufacturers after President-elect Donald Trump suggested Robert F. Kennedy Jr., an anti-vaccine activist, for the role of Health and Human Services Secretary. Moderna and Pfizer saw significant losses, with shares falling 7.3% and 4.7%, respectively.
Analysts expressed concerns that Kennedy’s appointment, if confirmed, could create uncertainty and disrupt traditional Republican health policy.
Unlock the potential of blockchain, crypto and decentralized technologies with the information available on the media platform Encoiner.com
