Stock market news live updates: Stocks end lower as investors weigh vaccine hopes against concerns over more restrictions

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Stocks fell Friday as rising COVID-19 cases raised the specter that more restrictions would be unleashed across U.S. cities and states, threatening to crimp business activity and jeopardize the tenuous economic recovery. An apparent dispute between the U.S. Treasury and Federal Reserve over whether to renew some pandemic-era emergency lending programs also weighed on risk assets.Investors weighed these risks against a steady flow of positive news over a vaccine. Pfizer (PFE) and BioNTech (BNTX) said they plan to file for an emergency use authorization with the U.S. Food and Drug Administration on Friday, which would allow them to have their vaccine used in the U.S. starting in December.In Washington, optimism over another virus-relief bill at least momentarily reignited after Senate Minority Leader Chuck Schumer (D-N.Y.) said during a press conference Thursday that Senate Majority Leader Mitch McConnell (R-Ky.) agreed to pick back up stimulus discussions. The Dow, which had been negative for much of Thursday’s session, managed to eke out a modest gain on the day after Schumer’s comments.Though Democratic and Republican lawmakers have remained at an impasse for months over the size and contents of another relief package, Schumer’ …

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