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New York Based Pfizer Inc Shares Crashes

NewYork Based Pfizer Inc Shares dropped 1.11% to $39.29 Tuesday. This proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.20% to 4,343.54 and Dow Jones Industrial Average DJIA falling 0.60% to 34,577.37.

Pfizer Inc. closed $3.79 short of its 52-week high ($43.08), which the company achieved on December 9th. The stock underperformed when compared to some of its competitors Tuesday, as Johnson & Johnson JNJ fell 0.60% to $167.97, Merck & Co. Inc. MRK fell 0.62% to $78.11, and Novartis AG ADR NVS fell 0.43% to $91.58.

Pfizer Inc volume (18.7 M) remained 6.4 million below its 50-day average volume of 25.0 M.The stock’s fall snapped a three-day winning streak. The U.K. will relax self-isolation requirements for fully vaccinated people, even as health officials warn that getting back to normal could mean new cases jump to 100,000 a day and a rise in so-called long covid cases occuring in the young.

Elsewhere in Europe, Germany is easing rules for travelers from Britain, Portugal and other nations. Meanwhile, the delta variant was boosting case numbers worldwide, with Indonesia and Bangladesh reporting record infections and Sydney considering whether to extend its lockdown.The Australian Grand Prix Formula One race planned for November has been canceled, and Japan plans to hold the opening ceremony of the Tokyo Olympics without fans, according to reports. Africa health ministers advised 15 million vaccine doses donated by the U.S. are ready for distribution.

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