What is the biggest risk for economic recovery?

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5 things to know before the stock market opens today

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The Dow Jones Industrial Average was poised for a more than 100-point drop this morning, even after the news that Pfizer’s vaccine was approved for emergency use in the U.K. People who live in long-term care facilities and work in health-care will be the first to be inoculated next week.

Meanwhile, in the U.S., the FDA granted Roche emergency use for its blood test that shows virus antibodies.

“Antibody tests like these will play a critical role in measuring a person’s vaccine-induced immune response,” a Roche official said.

This morning ADP private jobs report was released, showing results that were much worse than expected.  

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After the virus vaccines are cleared by the Food and Drug Administration, people who work in the health-care field, or live in long-term care facilities, will be the first to be inoculated. A CDC panel voted 13-1 yesterday about the order of distribution that would prioritize these 21 million employees and 3 million residents.

According to vaccine chief Moncef Slaoui, everyone in the U.S. will receive the vaccine by June of next year, and the entire world population could receive it by the middle of 2022.

“This guidance will be extremely helpful because it will be science-based, and also will give us the framework to be able to ensure that our guidelines are consistent with what is recommended by support staff,” said a spokesperson for the Alabama Department of Public Health.

Market Movers & Predictions

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