COVID Boosters Targeting Omicron Expected This Week, But Experts Fear Low Uptake

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

US stocks climb as strong economic data bolster sentiment ahead of Powell speech

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 BioNTech say data shows COVID vaccine is more than 70% effective in young children, with cases rising in just 7 states

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

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

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

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

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 struggles to convince consumers to pay, and stock slips

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

The Dow plunges 400 points, the S&P 500 loses 1.6%, as investors question the Fed’s pivot thesis

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

Once the Worst Yield on Wall Street, Cash Now Seems to Be the Best Asset to Own, According to Morgan Stanley

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

Dow drops 300 points as options expiration unleashes equity volatility

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

Dow drops 300 points as options expiration unleashes equity volatility

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