Tag Archives: Stocks

AMC (AMC) and other entertainment stocks surged on Monday in the wake of Pfizer (PFE) and BioNTech (BNTX) announcing positive news about their leading COVID-19 vaccine candidate, which demonstrated a high level of efficacy in testing. Even as the U.S. topped 10 million coronavirus cases, markets — which for months have been pricing in hopes of an end to the crisis — skyrocketed on the news. The Dow (^DJI) and S&P 500 (^GSPC) both opened at record highs, tempering those gains slightly by… Source link

(Bloomberg) — Stocks are extending a global rally on the clearest sign of progress yet in developing a vaccine to stem the Covid-19 pandemic. Futures on the S&P 500 jumped 3% after news that the vaccine being developed by Pfizer Inc. and BioNTech SE prevented more than 90% of infections in a study of tens of thousands of volunteers. Contracts on the Russell 2000 Index of small-cap stocks surged 7%. Pfizer’s Covid Vaccine Prevents 90% of Infections in Large Study The vaccine announcement… Source link

Monday, November 9, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe While uncertainty persists, there have been no market-shaking surprises Joe Biden won the 2020 presidential election, the AP projected Saturday. And so we can now refer to the former Vice President as President-elect. For investors, this removes some uncertainty. However, two important questions remain unanswered: 1) what will the outcome of President Trump’s contesting… Source link

InvestorPlace 7 High-Yield Dividend Companies to Invest in During the Pandemic It’s been a volatile year for investors in general. And nowhere has that been more true than in high yield dividend stocks. In March and April, there was a massive number of companies that slashed or entirely suspended their dividends. This year has been a period of devastation for income-focused investors, particularly in sectors like real estate investment trusts (REITs). And while things have gotten better… Source link

TipRanks 3 ‘Strong Buy’ Stocks With at Least 5% Dividend Yield Americans went to the polls today under the shadow of a resurging pandemic, with a substantial increase in cases nationwide and the number of people hospitalized with COVID-19 reaching record highs in a growing number of states. Meanwhile, it’s still unclear what a second stimulus package from the federal government may look like and how long it will be until that arrives.To add fuel to this, there are several European… Source link

Stocks were slightly higher Thursday after the three major indices endured a deep rout a day earlier. Investors digested a record surge in third-quarter GDP after a historic slump earlier this year, and another weekly report on jobless claims that came in better-than-expected. A slew of corporate earnings results also loom. The S&P 500 Dow each rose, after the latter index closed lower by 943 points, or 3.4%, on Wednesday for its worst single-session drop since June. The Nasdaq outperformed… Source link

Stocks pointed sharply lower Monday as new data showed a jump in COVID-19 cases in both the U.S. and Europe. Restrictions tightened across major countries overseas, raising the specter of a further pullback in business operations and deeper anchor on global economic activity. Shares of companies set to benefit from a broader economic reopening including airlines like American Airlines (AAL), cruise lines including Norwegian Cruise Line Holdings (NCLH) and hotels like Wynn Resorts (WYNN) sank…. Source link

If you own stocks, hope for a come-from-behind win for sitting president Donald J. Trump on Election Day. Or so says the number crunchers at LPL Financial. Since 1950, the S&P 500 has added an average of 9.6% in the year after a president wins re-election. For instance, LPL Financial points to the re-elections of presidents Ronald Regan, Bill Clinton and Barack Obama as being particularly bullish for equities — stocks after each re-election rose close to 30%. The opposite has tended to happen… Source link

At the heart of the government’s lawsuit is a secretive deal under which Google allegedly pays billions of dollars a year to Apple to ensure that its search product is the default on iPhones and other Apple devices. Google has similar agreements with other companies, but the size of the Apple deal makes it especially crucial to the search giant. The deal: Google (GOOGL) CEO Sundar Pichai and Apple (AAPL) boss Tim Cook, met in 2018 to discuss how their companies could work together to drive… Source link

Major European stock markets were mixed Monday as a technical hiccup hit Paris and investors weighed the chances of a US stimulus package, dealers said. Following three hours of technical problems, Euronext said that it had annulled all trades after 5:30 pm  (1530 GMT), meaning the Paris benchmark CAC 40 index closed 0.14 percent higher, rather than 0.1 percent lower as originally calculated.  “Because of these issues, Euronext has decided to cancel all the trades that occurred after 5.30… Source link