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u.s. news Diahuebs 19 November 2020

Stocks shed gains but remain near records on vaccine hopes

(AP) - U.S. stock index- vaccine have some investors
es have turned slightly focusing on next year, when
lower in afternoon trad- a vaccine or two could have
ing Wednesday, weighed the global economy operat-
down by declines in health ing closer to normal again.
care and technology com-
panies. That has investors embracing
stocks that were beaten down
Despite shedding modest by the weakened, closed
gains from earlier in the day, economy of the pandemic.
stocks remain close to their United Airlines gained 3.4%
record highs as hopes for a for one of the stronger gains
coronavirus vaccine coming in the S&P 500, and Ameri-
in the future push some in- can Airlines climbed 2.5%.
vestors to look past the wors-
ening pandemic in the pres- “That story seems to be mod-
ent. erating a little bit here as the
coronavirus news has now
The S&P 500 was down 0.2%. mostly been digested by the
It had been up 0.3% after marketplace,” said Tom Mar-
Pfizer and BioNTech report- tin, senior portfolio manager
ed updated data suggesting with Globalt Investments.
their potential COVID-19 “The vaccine news immedi-
vaccine may be 95% effective. ately captures the imagina-
The companies said they plan tion because you see an end-
to ask U.S. regulators within point.” was down just 0.8%, Micro- tributed. In Europe, a coronavirus re-
days to allow emergency use soft was among the heaviest lief package is being held up
of the vaccine. Financial stocks, which stand weights in the S&P 500 out Federal Reserve Chair Jerome by a diplomatic dispute be-
The Dow Jones Industrial to gain from a healing econ- of all the stocks within the Powell on Tuesday warned of tween Hungary and Poland
Average also veered lower, omy as workers get jobs and index. the potential economic dam- and several other major EU
sliding 39 points, or 0.1%, to make good on their loans, Of course, many risks still age in the next few months countries.
29,745, as of 2:01 p.m. East- were up 0.4% for one of the remain for the market. Chief because of the pandemic. European stock markets rose.
ern time. The Nasdaq com- biggest gains among the 11 among them is the pandem- Additional lockdown orders France’s CAC 40 and Ger-
posite slipped 0.1%. sectors that make up the S&P ic, which is accelerating so would keep customers away many’s DAX returned 0.5%.
500. quickly that governments from businesses. But even if The FTSE 100 in London
Despite the choppy trading, across the United States and the strictest stay-at-home or- added 0.3%.
rising optimism was appar- Optimism about the econo- Europe are bringing back ders don’t return, fear alone
ent across the market. Com- my's prospects also has inves- varying degrees of restric- of the virus could keep con- In Asia, Japan’s Nikkei 225
panies that would benefit tors less enthusiastic about tions on businesses. Corona- sumers hunkered at home. fell 1.1%, but other markets
most from a healing, reopen- piling into the companies virus counts and hospitaliza- were stronger. South Korea’s
ing economy were leading that dominated the stay-at- tions are up in states across Powell and other economists Kospi added 0.3%, Hong
the way, such as airlines and home economy of the pan- the country, and health ex- have said another big finan- Kong’s Hang Seng climbed
banks. Both the S&P 500 and demic, such as Big Tech. Ap- perts are warning about the cial-support program from 0.5% and stocks in Shanghai
Dow were within 1% of their ple slipped 0.2% and Amazon possibility of a brutal winter. Congress could help tide added 0.2%.
record highs. ticked down by 0.6%. Even with the encouraging the economy over. But bit- The yield on the 10-year
figures from pharmaceutical ter partisanship in Washing- Treasury ticked up to 0.88%
Earlier this week, Moderna Because these companies are companies about their po- ton has prevented any deal to from 0.85% late Tuesday. A
also gave encouraging ear- so massive in size, their stock tential vaccines, there’s also renew extra unemployment report showed that home-
ly data about a vaccine it’s movements have an outsized still no guarantee one will be benefits for laid-off workers builders broke ground on
separately developing. The effect on the S&P 500 and approved or how long it will and other stimulus efforts more new houses last month
improved prospects for a other indexes. Even though it take for it to be widely dis- that expired earlier this year. than economists expected.

Suspect sought after remains of 3 found in southern Colorado

(AP) — Authorities in southern Colorado They said he is commonly known as “Psycho” in Dingfelder said authorities got a search warrant
said Wednesday they are searching for a sus- the area but did not elaborate. for a property near Las Sauces, found human re-
pect in connection with the discovery of the Alamosa Police Chief Ken Anderson told report- mains there and then found more on a nearby
remains of three people near a rural hamlet. ers that authorities consider Baroz armed and property.
dangerous and that any sightings should be re-
The Colorado Bureau of Investigation and lo- ported to police. Identification of the remains could take weeks, if
cal police agencies identified the suspect as Adre not months, and it isn't known whether the re-
Jordan Baroz, said a homicide warrant has been Authorities from at least four sheriff's offices, po- mains are male, female, what age they may be or
issued for his arrest and that he goes by the nick- lice departments in Colorado's San Luis Valley how long they were at the properties, Dingfelder
name “Pyscho.” agricultural region and state investigators have said.
formed a task force to investigate the case.
Searches conducted on Nov. 10 and Nov. 13 dis- “The San Luis valley is very small. It’s a tight-knit Authorities are still searching the second property
covered the skeletal remains of the people on two community,” Anderson. “Most of us have grown “to ensure all remains and all evidence is found,”
properties near Las Sauces, a tiny community up here. ... We’re just trying to keep the commu- said Conejos County Sheriff Garth Crowder.
about 20 miles (32 kilometers) from the small city nity safe right now.”
of Alamosa, said Conejos County Sheriff Garth Baroz is from the tiny town of Sanford, near Las
Crowther. None of the remains have been identi- It was not known if any of the remains are linked Sauces, Anderson said.
fied. to any missing persons cases in the region, which
borders New Mexico, said George Dingfelder, “Our priority is to get him into custody and iden-
Authorities declined comment on how Baroz, 26, the police chief of the small community of Monte tify the remains,” said John Camper, deputy di-
may be connected to the discovery of the remains. Vista. rector of the Colorado Bureau of Investigation .