[ad_1]
Stocks resumed their uptrend on Wednesday after Pfizer released more positive news on vaccines, combined with stronger retail earnings and positive news for Dow member Boeing.
The Federal Aviation Administration has approved Boeing Flight 737 Max, pushing the stock up again. GE stood up in tandem.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
BA | BOEING COMPANY | 217.03 | +7.00 | + 3.34% |
GIVE | GENERAL ELECTRIC COMPANY | 9.99 | +0.30 | + 3.10% |
BOEING LIFTING DOW
The Dow Jones Industrial Average rose more than 40 points, while the S&P 500 and Nasdaq were little changed early in the session.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
I: DJI | MEDIUM DOW JONES | 29855.85 | +72.50 | + 0.24% |
SP500 | S&P 500 | 3608.11 | -1.42 | -0.04% |
I: COMP | NASDAQ COMPOSITE INDEX | 11868.278359 | -31.06 | -0.26% |
Pfizer’s shares rose after announcing a 95% efficacy rate in its Phase 3 trial for its COVID-19 vaccine. Earlier this month, he said he had a 90% effectiveness rate for the first 94 patients.
Teleprinter | security | Latest | Change | % Change |
---|---|---|---|---|
PFE | PFIZER INC. | 37.15 | +1.11 | + 3.07% |
BNTX | BIONTECH SE | 89.70 | +2.77 | + 3.19% |
DETAIL ON TAP
Target stocks rose after competitor Walmart said it earned $ 2.79 per share on $ 22.34 billion in sales, down from $ 1.60 on $ 20.93 billion in sales in its last trimester.
Lowe’s, which competes with Home Depot in home improvement, fell after reporting $ 1.98 a share on $ 21.17 billion in sales. Traders expected earnings of $ 1.99 per share on $ 21.25 billion in revenue, up 22.2% year-over-year.
Teleprinter | security | Latest | Change | % Change |
---|---|---|---|---|
LOW | LOWE COMPANIES INC. | 151.14 | -8.71 | -5.45% |
TGT | TARGET CORP. | 166.75 | +3.44 | + 2.11% |
TJX | TJX | 62.80 | +1.68 | + 2.75% |
TJX Co. also advanced after the discount retailer earned 71 cents a share on $ 10.12 billion in revenue. Traders expected TJX to earn 40 cents a share on $ 9.36 billion in sales.
S&P TAKES RESPIRATOR LIKE SMALL CAPS, CARRIES HIT DISCS
Teleprinter | security | Latest | Change | % Change |
---|---|---|---|---|
NVDA | NVIDIA CORPORATION | 527.69 | -9.20 | -1.71% |
L | LOEWS CORP | 43.94 | +0.28 | + 0.64% |
After the market closes, semiconductor giant Nvidia and L Brands are among the companies releasing their latest results.
FRESH LOOK AT HOUSING, CRUDE OIL
Several economic reports related to the US real estate markets have been released, showing the continued strength of the sector.
Mortgage applications for the week ending November 14 fell 0.3%, while U.S. housing starts and building permits for October were 1.53 million and 1.54 million. million, respectively.
Ahead of the weekly stocks report, crude oil rose to $ 42.07 a barrel on Wednesday, a gain of 1.5%.
CLICK HERE TO READ MORE STORIES ABOUT FOX BUSINESS
GOLD DIPS
In other commodities, the cold fell to $ 1,872.90 per ounce, a decrease of 0.6%.
GET FOX BUSINESS ON THE ROAD BY CLICKING HERE
[ad_2]
Source link