After the company Pfizer Inc announced on Wednesday that the Covid vaccine it developed with BioNTech showed 95% efficacy in the final phase 3 trial, BioNTech CEO Ugur Sahin told Reuters that the Vaccine deliveries could start before Christmas. Featured statements: “If all goes well, you could imagine we get approval in the second half […]
Tag: SP500
S&P 500 Index opens modestly above 3,600
The major Wall Street indices opened little changed on Wednesday. Six of the top 11 sectors trade in positive territory. Latest news on coronavirus vaccine fails to boost market confidence. The major stock indices in the US They started the day with little change on Wednesday, as the latest headline about Pfizer’s coronavirus candidate vaccine […]
S&P 500 needs to hold support at 3,585 to maintain immediate bullish bias
Credit Suisse economists maintain a Tactical bullish outlook for a return to 3,645 points, followed by trend resistance since February at 3,668, but with support at 3,585 needing to hold to keep the immediate risk of the S&P 500 skewing higher. Key Comments: “The S&P 500 rally has stopped short term, but with support from […]
McConnell Says Senate Still Wants To Pass Extra Help For COVID-19
United States Senate Majority Leader Mitch McConnell said Tuesday that Senate still wants to approve additional help for COVID-19, as reported by Reuters. “I hope Congress can reach a good bipartisan agreement on the government funding measure by the end of this week.“McConnell added.” The next few days will show if Congress can agree to […]
S&P 500 opens lower and tests 3,600 level
The major Wall Street indices open negative on Tuesday. The drop in oil prices weighs on energy sector stocks. All major sectors of the S&P 500 are moving lower. The main US stock indices They have started the day downas the vaccine-inspired rally appears to have waned. At the time of writing, the S&P 500 […]
Tedros Says World Shouldn’t Be Complacent After COVID-19 Vaccine News
Commenting on the promising results of Moderna’s COVID-19 vaccine, World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus told a news conference on Tuesday that there were “many questions” and that it was not the time for complacency, as reported by Reuters. “While we continue to receive encouraging news about vaccines for COVID-19 and we […]
AUD / USD down from weekly highs of 0.7330 as coronavirus concerns benefit the US dollar
AUD / USD retreats from weekly highs but defends the 0.7300 level. The DXY index attempts a rebound as sentiment turns sour at the start of the European session. Coronavirus concerns overshadow hopes for vaccines. The focus is on US retail sales data. The backward movement of AUD/USD from the weekly highs of 0.7330 it […]
S&P 500 opens sharply higher above 3,600 on news of coronavirus vaccine
The major Wall Street indices start the new week on a firm note. Moderna says its vaccine candidate is 94.5% effective. Energy sector stocks post impressive gains to fuel the move higher. The Major US Stock Indices have started the first day of the week in positive territory as investors celebrate the latest news on […]
S&P 500 futures surge after Moderna says vaccine is 94.5% effective
Moderna’s vaccine news triggers increased risk on Monday. S&P 500 futures are up more than 1%. Moderna’s stock is up nearly 20% before the opening bell. Futures on the US stock indices. They turned north on Monday after the latest news from Moderna revived optimism about the coronavirus vaccine and caused a positive shift in […]
S&P 500 Strongly Ends Week Despite More States Going into Lockdown
The S&P 500 ends the week strong and above Wednesday’s high of 3576, despite news that more states will enter lockdown. Other than the psychological level of 3600, there are no significant resistance areas separating the index from its all-time high at 3668. The S&P 500 closed Friday’s session with gains of 1.3% or almost […]
