<p>Wall Street stocks retreated from records early Monday, shrugging off positive coronavirus vaccine news ahead of key economic data releases later in the week.</p>.<p>Markets looked past news that Moderna will apply for formal regulatory approval of its Covid-19 vaccine and President-elect Joe Biden's official announcement naming of Janet Yellen as Treasury secretary, two items that helped propel equities to records last week.</p>.<p>"The phenomenal run seen this month in the stock market has priced in a lot of good recovery news already; hence, the market this morning hasn't been moved by it," Briefing.com analyst Patrick O'Hare said in a note.</p>.<p>About 30 minutes into trading, the Dow Jones Industrial Average was down 0.8 per cent at 29,675.88.</p>.<p><a href="https://www.deccanherald.com/science-and-environment/coronavirus-vaccine-live-updates-covaxin-clinical-trials-human-trials-coronavirus-vaccine%20tracker-india-russia-us-china-oxford-moderna-bharat-biotech-866148.html" target="_blank"><strong>Coronavirus vaccine news live updates on DH</strong></a></p>.<p>The broad-based S&P 500 dipped 0.3 per cent to 3,628.06, while the tech-rich Nasdaq Composite Index slipped less than 0.1 per cent to 12,203.35.</p>.<p>This week's economic calendar includes the November jobs report, as well as reports on activity in the manufacturing and services sectors.</p>.<p>There are also two days of congressional testimony with Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin on pandemic aid programs.</p>
<p>Wall Street stocks retreated from records early Monday, shrugging off positive coronavirus vaccine news ahead of key economic data releases later in the week.</p>.<p>Markets looked past news that Moderna will apply for formal regulatory approval of its Covid-19 vaccine and President-elect Joe Biden's official announcement naming of Janet Yellen as Treasury secretary, two items that helped propel equities to records last week.</p>.<p>"The phenomenal run seen this month in the stock market has priced in a lot of good recovery news already; hence, the market this morning hasn't been moved by it," Briefing.com analyst Patrick O'Hare said in a note.</p>.<p>About 30 minutes into trading, the Dow Jones Industrial Average was down 0.8 per cent at 29,675.88.</p>.<p><a href="https://www.deccanherald.com/science-and-environment/coronavirus-vaccine-live-updates-covaxin-clinical-trials-human-trials-coronavirus-vaccine%20tracker-india-russia-us-china-oxford-moderna-bharat-biotech-866148.html" target="_blank"><strong>Coronavirus vaccine news live updates on DH</strong></a></p>.<p>The broad-based S&P 500 dipped 0.3 per cent to 3,628.06, while the tech-rich Nasdaq Composite Index slipped less than 0.1 per cent to 12,203.35.</p>.<p>This week's economic calendar includes the November jobs report, as well as reports on activity in the manufacturing and services sectors.</p>.<p>There are also two days of congressional testimony with Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin on pandemic aid programs.</p>