The Dow also joined the S&P in positive territory, both indexes snapping a three-day losing streak driven by halted vaccine trials and continued wrangling in Washington over a new pandemic relief package. But the Nasdaq ended the session lower.Pfizer Inc announced it could apply for U.S. authorization for the COVID-19 vaccine it is developing with German partner BioNTech in November. Pfizer’s stock gained 3.8%.
“It’s important from the retail sales data to see that the consumer is not just limping a long but exceeding expectations,” Mayfield added. “I don’t know how long this can continue without stimulus but it’s heartening to see the consumer has held up pretty well despite some dire expectations.” FILE PHOTO: A Wall Street sign is seen outside the New York Stock Exchange, September 30, 2008. REUTERS/Lucas Jackson/File Photo
Oil services company Schlumberger NV posted its third straight quarterly loss due to falling crude prices and plunging demand. Its shares dropped 8.8%.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures fall 325 points amid lack of fiscal stimulus, renewed coronavirus lockdowns in EuropeU.S. stock-index futures trade sharply lower early Thursday, suggesting a third day of weakness for equities, following losses in Asia and Europe overnight... There won’t be any relief till after the election! Dow futures are diwn because realDonaldTrump administration is under investigation for causing market sell off then buy back with their friends and donors and leaking information in advance Ponzi scam! Keep selling suckers! I’m going to buy your cast offs.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks fall for a third straight day amid stimulus uncertainty, Dow drops 250 pointsU.S. stocks fell on Thursday, on pace for a third day of losses, as the outlook for a coronavirus stimulus deal remained uncertain. It’s actually a CEO thing on how stocks perform. Presidents can change tax laws that affect companies but they can’t make internal decisions. Lame question Guy is naive if he thinks they are both the same. Does a biotech industry exist in Cuba? Trump will be better for everything. Red wave coming!
Source: CNBC - 🏆 12. / 72 Read more »
Dow closes 100 points higher, snaps 3-day losing streak on strong retail sales dataThe Dow closed higher today to snap a 3-day losing streak, climbing 0.4% after a big beat on September retail sales. The S&P 500 gained 0.02%. The Nasdaq fell 0.36%.
Source: CNBC - 🏆 12. / 72 Read more »
Dow rises 112 points as retail-sales blowout helps snap 3-day skid | Markets Insider
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow snaps 3-session skid to end higher for the week, but stock market loses steam to finish turbulent stretchThe Dow Jones Industrial Average closed out the week and the day in positive territory, snapping a three-session skid but the broader market ended flat to...
Source: MarketWatch - 🏆 3. / 97 Read more »
Cinemark Credit Rating Downgraded Over Hollywood Tentpole DelaysS&P Global Ratings said tentpole releases being pushed into 2021 and beyond will put movie theater chains under pressure until a vaccine for the coronavirus is at hand.
Source: THR - 🏆 411. / 53 Read more »