Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
Stocks were higher on Monday on gains in the financial and energy sectors, coupled with positive news from another drugmaker announcing results for its coronavirus vaccine.
Continue Reading Below
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 29544.01 | +280.53 | +0.96% |
| JPM | JP MORGAN CHASE & CO. | 117.62 | +3.02 | +2.64% |
| V | VISA INC. | 207.96 | +4.04 | +1.98% |
| CVX | CHEVRON CORP. | 89.64 | +3.85 | +4.49% |
| SP500 | S&P 500 | 3571.96 | +14.42 | +0.41% |
The Dow Jones Industrial Average was up more than 240 points, led by gains in JPMorgan, Visa and Chevron.
The S&P 500 was higher by 0.4%.
The tech-heavy Nasdaq Composite was slightly higher, up 0.2%, despite stocks such as Apple, Microsoft, Facebook and Google falling 0.5% or more.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:COMP | NASDAQ COMPOSITE INDEX | 11875.643121 | +20.67 | +0.17% |
| AAPL | APPLE INC. | 114.29 | -3.05 | -2.60% |
| FB | FACEBOOK INC. | 268.57 | -1.12 | -0.42% |
| GOOGL | ALPHABET INC. | 1,723.48 | -12.90 | -0.74% |
| MSFT | MICROSOFT CORP. | 209.56 | -0.82 | -0.39% |
DOW DROPS 219 POINTS AS STOCKS END WEEK LITTLE CHANGED
COVID-19 PROGRESS
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AZN | ASTRAZENECA PLC | 54.39 | -0.91 | -1.65% |
| PFEBNTX | n.a. | n.a. | n.a. | n.a. |
| MRNA | MODERNA INC. | 101.21 | +3.60 | +3.69% |
U.K. drugmaker AstraZeneca announced that the vaccine it is developing with Oxford University can be up to 90% effective in late-stage trials.
The efficacy rate can range between 62% and 90%, depending upon the dosage. This is the third vaccine, behind that from Pfizer and its partner, BioNTech, and Moderna, to show strong efficacy results in Phase 3 trials.
Shares of AstraZeneca were slightly lower on Monday despite the good news.
The news comes after Johns Hopkins University announced on Saturday that the U.S. surpassed 12 million coronavirus cases, the most impacted country in the world.
SNAP GOES AFTER TIK-TOK
Snap announced it was launching Spotlight, an entertainment platform for user-generated content, similar to TikTok.
Shares of Snap, led by CEO Evan Spiegel, were rising more than 3% in early Monday trade.
ECONOMIC REPORTS
The economic calendar is light on Monday, with a pair of reports showing the latest data for November, coming in ahead of expectations.
Markit released the Manufacturing PMI and Services PMI reports, with readings coming in at 56.7 and 57.7, respectively. Economists surveyed by Refinitiv expected readings of 53 and 55.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
West Texas Intermediate crude oil rose 51 cents to $42.93 per barrel. In other commodities, gold plunged 2.3% to $1,829.70 an ounce.
European indexes rose on Monday, with the STOXX Europe 600 rising 0.1% and Germany’s DAX climbing 0.6%. The other major indexes, France’s CAC-40 and the U.K.’s FTSE 100, were up similar amounts.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Sorgente articolo:
Financials, energy lead stocks higher in holiday-shortened week – Fox Business
| User ID | Campaign ID | Link |
|---|---|---|
| d9a95efa0a2845057476957a427b0499 | l-99999983 | Fiasconaro |
| d9a95efa0a2845057476957a427b0499 | l-99999979 | Fiasconaro |
| d9a95efa0a2845057476957a427b0499 | l-99999984 | Free Web Host |
| d9a95efa0a2845057476957a427b0499 | l-99999994 | Email Advertising Free Trial |