The stock market traded on both sides of the ledger on Wednesday before closing mostly higher with Tech lagging. A weaker-than-expected jobs number caused opening weakness before strength returned. House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer indicated progress on the bipartisan coronavirus relief negotiations.The Dow traded to a late day high of 29,902 shortly after the...
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Continue reading >>The stock market rebounded on Tuesday with the gains pushing the Nasdaq to its fourth-straight record high and the S&P 500 to a new all-time peak. Renewed talks of a stimulus package and mostly positive economic news helped sentiment as lawmakers offered a new $908 billion stimulus plan.The Nasdaq tested an afternoon and lifetime high of 12,405 while finishing at 12,355 (+1.3%). Uncharted...
Continue reading >>Keep an eye on Altimmune Inc. (ALT). The stock is pushing higher thanks to more positive data on its COVID candidate. The company just published positive pre-clinical data for its new single-dose, intranasal COVID-19 vaccine candidate AdCOVID, adding the candidate “stimulates three key immune components: serum neutralizing antibody, T cell responses, and mucosal immunity in the respiratory...
Continue reading >>Wall Street closed higher on Friday to close out a strong week, overall, with the S&P 500 closing at a record high while the Russell 2000 also tagging a fresh all-rime peak. Better-than-expected earnings from Cisco Systems Inc. (Nasdaq: CSCO) and Walt Disney Co. (NYSE: DIS) helped the blue-chips after both companies reported better-than-expected earnings. Tech also closed higher but lagged...
Continue reading >>Spending online on Black Friday this year surged nearly 22% to hit a new record, according to data from Adobe Analytics, as the Covid pandemic pushed more people to shop from the sofa and avoid crowded stores and malls.Consumers spent $9 billion on the web the day after Thanksgiving, up 21.6% year over year, according to Adobe, which analyzes website transactions from 80 of the top 100 U.S....
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