US stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve,.
US stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading.
Makers of vaccines helped drag the market down after President-elect Trump announced that he wants Robert F. Kennedy Jr., a prominent antivaccine activist, to lead the Department of Health and Human Services. Moderna tumbled 7.3%, the AP reports, and Pfizer fell 4.7% in the face of concerns about a possible hit to profits.
