The Food and Drug Administration is expected to authorize new COVID-19 booster shots this week that target the latest versions of the omicron variant, but will do so without data from a study showing the shots were safe and worked in humans. Authorizing doses, without data from human tests known as clinical trials, is similar … Read more
U.S. stocks rose on Thursday, with major benchmarks heading for back-to-back gains after a string of strong economic data as investors awaited news from Federal Reserve Chairman Jerome Powell on Friday. How Stocks Trade S&P500 SPX rose 42 points, or 1%, to 4,183. Dow Jones Industrial Average DJIA advanced 150 points, or 0.5%, to 33,116. … Read more
Pfizer and its German partner BioNTech on Tuesday offered updated COVID vaccine data supporting efficacy in children 6 months to 4 years old. Businesses EFP, -1.88% BTX, -0.03% said updated analysis of 34 cases occurring at least seven days after a three-dose regimen showed a vaccine efficacy of 73.2% in children in this age group. … Read more
A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more
A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more
Zoom Video Communications Inc. is struggling to convince people to pay for its video conferencing service in the third year of the COVID-19 pandemic, contributing to a reduced forecast and falling stock price on Monday. Zoom ZM, -2.07% executives slashed their full-year earnings and revenue forecast Monday afternoon, and Zoom chief financial officer Kelly Steckelberg … Read more
US stocks slid on Monday on fears that the recent rally was based on an overly optimistic view about the Federal Reserve’s potential to back away from using sharply higher interest rates to fight inflation. How are stocks traded? The S&P 500 SPX, -1.69% fell 67 points, or 1.6%, to 4,161 The Dow Jones Industrial … Read more
Equity sellers are poised to pick up where they left off on Friday as the market appears to wake up from its August slumber with a vengeance. As Goldman Sach’s Chief U.S. Equity Strategist David Kostin told his clients after the S&P 500 SPX took just 17 weeks to hit its year-end target of 4,300, … Read more
U.S. stocks traded lower on Friday as more than $2 trillion in stock-linked options expired, as investors digested more hawkish comments from the Federal Reserve. How are stock index futures traded? The Dow Jones Industrial Average DJIA, -0.77% fell 302.06 points, or 0.9%, to 33,695. The S&P 500 SPX, -1.29% fell 57 points, or 1.4%, … Read more
U.S. stocks traded lower on Friday as more than $2 trillion in stock-linked options expired, as investors digested more hawkish comments from the Federal Reserve. How are stock index futures traded? The Dow Jones Industrial Average DJIA, -0.80% fell 302.06 points, or 0.9%, to 33,695. The S&P 500 SPX, -1.22% fell 57 points, or 1.4%, … Read more