The stock market rebounded on Monday following the 3rd-straight week of a positive announcement concerning coronavirus. AstraZeneca (AZN) said that its vaccine is up to 90% effective but slightly below the 95% effective rates from the previous companies that have reported updates.The small-caps tapped a new record high while Tech was more volatile after trading on both sides of the ledger. The...
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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...
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Continue reading >>The stock market traded in the red throughout the first half of Thursday’s action following news Initial Jobless Claims gained 31,000 to 742,000 last week. The concern over coronavirus cases continued as New York closed the nations biggest school district with more closures coming in other major cities by Friday night.The bounce off the lows and positive closes have the market mixed for the...
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...
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