NewsWatch: Here are the 2 big signals that stocks need to keep moving higher, says Credit Suisse’s top equity strategist

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MARKETWATCH FRONT PAGE

Some of Monday’s enthusiasm is unwinding, though tech stocks are set to keep selling. Our call of the day says the direction of the VIX and interest rates will be big factors in whether stocks will keep moving higher. See full story.

BioNTech and Pfizer say their COVID-19 vaccine candidate is 90% effective, a much higher benchmark than anticipated

BioNTech and Pfizer Inc.’s COVID-19 vaccine candidate is the first to demonstrate it can protect most people from contracting symptomatic infections with the virus in a Phase 3 clinical trial — an announcement that puts the companies in the lead to bring to market the first COVID-19 vaccine in the U.S. See full story.

Investors are losing patience with Big Tech over its lax policing of harmful internet content

Media companies have a responsibility to disseminate fair, accurate and inclusive content. See full story.

Trump administration denies Biden access to transition funds, echoing 2000 Bush-Gore standoff

News organizations have declared Joe Biden to be “president-elect,” but President Trump has not yet conceded the race, a decision that has delayed a formal beginning for the transition process and may deny the former vice president critical time to get his administration up and running. See full story.

Were those Biden victory celebrations coronavirus superspreader events? Health experts ‘extremely concerned’ they could be

The parties for President-elect Joe Biden came as the U.S. was averaging more than 120,000 new COVID-19 cases a day See full story.

MARKETWATCH PERSONAL FINANCE

Raising the minimum wage will ‘reduce the racial wage gap because more people of color will get raises.’ See full story.