Tag Archives: shakes

Merck COVID-19 pill success slams Moderna shares, shakes up healthcare sector

Merck COVID-19 pill success slams Moderna shares, shakes up healthcare sector

By Lewis Krauskopf and Manojna Maddipatla (Reuters) – Positive clinical trial results for Merck & Co’s experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of vaccine companies and makers of other coronavirus therapies. Merck shares jumped as much as 12.3% and hit their highest level since February 2020 after data showed the company’s pill molnupiravir… Source link

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Stock futures edge higher, Dow shakes off earlier declines

Stock futures edge higher, Dow shakes off earlier declines

Stock futures ticked up Thursday evening after a mixed session earlier, when the Nasdaq ended within striking distance of a record high while the Dow posted a fourth straight session of losses. Technology stocks rallied during Thursday’s regular session as Treasury yields fell. Traders piled back into bonds after selling immediately following the Federal Reserve’s monetary policy decision and updated projections on Wednesday, which suggested two interest rate hikes could take place by… Source link

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