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Crashes on Wall Street that don't drown the party: the Dow closes its best month since 1987



Wall street ended Monday with declines (Dow Jones -0.89%; S&P 500 -0.45%; Nasdaq -0.06%). Of course, the losses of the Dow Jones, close to 1% are not enough to tarnish what may be his best month since 1987.

Indices have taken a step back after Reuters publish that the Donald Trump Administration, before handing over its power to Joe Biden, is considering including on its 'blacklist' SMIC, a Chinese leader in chip manufacturing.

This movement would close the doors to North American investors, and would again provoke an escalation in tensions between the two largest economies in the world just before the Democrat moved to the White House after his victory in the elections on November 3.

Despite Trump's reluctance to face defeat, Joe Biden is getting closer to the White House. This Monday the state of Arizona has certified the victory of the Democratic candidate.

Optimism puts it Modern, which rises more than 17% after having confirmed the 94.1% efficacy of your Covid vaccine. As announced, this Monday it will ask for the green light for its emergency use in both the US and Europe.

The group thus follows in the footsteps of the also American Pfizer, who just a few days ago requested permission from the FDA for the distribution of your vaccine. In the case of Europe, it should be remembered that the Old Continent bought 160 million doses just a week ago, which now must be approved in order to be distributed.

On the business side, the very strong falls in Nikola. The electric truck manufacturer plummets more than 25% after General Motors modified the agreement reached last September and decided not to enter its shareholding.

S&P Global and IHS Markit are also in the news after it became known that the former would be interested in aacquire the second for 44,000 million in a deal that would combine the two major market data providers

On the other side of the Atlantic the Ibex has collected profits after a historical month in which it has accumulated a 25% rally. Finally, in Asia stocks have closed in the red after China reported that its manufacturing activity has grown in November.

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