The front facade of the New York Stock Exchange is seen in New York City, New York, U.S., June 26, 2020.9:31: Stocks start the quarter in the green
"We are encouraged by the clinical data of BNT162b1, one of four mRNA constructs we are evaluating clinically, and for which we have positive, preliminary, topline findings," said Kathrin U. Jansen, Ph.D., Senior Vice President and Head of Vaccine Research & Development, Pfizer. "We are dedicated to develop potentially groundbreaking vaccines and medicines, and in the face of this global health crisis, we approach this goal with the utmost urgency.
In the second quarter, economists expect the initial shutdowns resulted in a more than 30% contraction in gross domestic product. By the third quarter, economists surveyed by CNBC/Moody's Analytics expect a median gain of 13.5% for the third quarter. —Businesses continuing hiring workers in June following the coronavirus shutdown.rose by 2.369 million in June, a bit below the 2.5 million estimate from economists surveyed by Dow Jones, according to ADP.
If you're reading this and thinking about putting your savings into the market right now, please don't. Covid is going to get drastically worse in this country for the rest of this year, and the earnings of companies will reflect that reality. Don't be a sucker
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Pfizer stock jumps after it reports positive data in early-stage coronavirus vaccine trialStop releasing these stupid stories about the cure to Corona! Just because they have a drug doesn’t mean squat. Human trials are needed and they must work!! Then there is the pesky problem of being able to get what you need for mass production. Geez. Only 24 people and they release the results? Come on people SquawkStreet i wan't be taking that poison.
Source: CNBC - 🏆 12. / 72 Read more »
What to watch today: Dow set for lower open after 580-point surgeDow futures point to a decline at Tuesday's open after starting the week with a 580 point gain.
Source: CNBC - 🏆 12. / 72 Read more »
What to watch today: Dow futures turn positive after best quarter in over three decadesDow futures erase losses and turn positive Wednesday on positive results from a coronavirus vaccine trial. Probably because the previous quarter was the worst ever. Pro tip: Up from closed is not a win. Pathetic. Does trump pay you to write this crap? Oh that MAIN STREET were as healthy as WALL STREET. Not even close.
Source: CNBC - 🏆 12. / 72 Read more »
Dow Industrials Climb 2% to Start the WeekThe Dow industrials climbed more than 500 points as investors weighed the rise in coronavirus infections with the likelihood of future lockdowns and the continuation of easy monetary policy. Crony Crapitalism and our media is completely silent because they are paid by the 1% to sell their souls. When you put it that way it seems more like speculating than investing. Of course it did
Source: WSJ - 🏆 98. / 63 Read more »
Dow soars 580 points as optimistic home-sales data overshadows virus spread - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Time to claw back some of the losses from last week...... hopefully yrn_myres
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow futures bounce around as investors await Powell, Mnuchin testimony on the coronavirus responseU.S. stock-index futures see muted trading early Tuesday as investors awaited a congressional hearing featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to rising coronavirus cases. Could be a big day Whatever they say will be interpreted positively. I see no scenario where this is not another green day and these two crooks are praised effusively. Investors have become a bunch of welfare queens.
Source: MarketWatch - 🏆 3. / 97 Read more »