US STOCKS-Wall Street slips as monthly private payrolls disappoint
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For a Reuters live blog on U.S. , UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Pfizer, BioNTech rise on getting UK approval for vaccine * Salesforce drops on $27.7 bln deal to buy Slack Technologies * NetApp gains on upbeat profit forecast * Dow and S&P shed 0.4% each, Nasdaq down 1% (Adds comment, details; updates prices) By Medha Singh and Susan Mathew Dec 2 (Reuters) – Wall Street fell on Wednesday, with the S&P 500 and the Nasdaq retreating from the record levels hit in the previous session as fewer-than-expected private job additions in November added to concerns about the near-term pressure on the economy. The biggest drag on the blue-chip Dow was a near 10% drop in Salesforce.com Inc after it agreed to buy workplace messaging app Slack Technologies Inc in a $27.7 billion deal as it bets on an extended run for remote working. The private jobs data is the latest sign that soaring new infections and business restrictions were hampering the labor market’s recovery. […] Pfizer Inc and BioNTech’s COVID-19 vaccine got the green light for use in Britain, the first Western country to approve a shot for COVID-19. […] The S&P 500 posted six new 52-week highs and no new low, while the Nasdaq recorded 28 new highs and four new lows.
