Stocks up after early, encouraging results in vaccine trial

  • 📰 AP
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Stocks open broadly higher on Wall Street following encouraging news about a possible coronavirus vaccine. The stock of drug company Moderna, which is developing the vaccine with the National Institutes of Health, rose sharply in the early going.

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 15, 2020. Shares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people’s immune systems just as desired.

The focus was on news that scientists soon will begin a 30,000-person study to see if the experimental vaccine developed by Moderna and the U.S. National Institutes of Health is strong enough to protect against the coronavirus. But the central back acknowledged very high uncertainty over the outlook for the world’s third largest economy. The bank’s growth forecast for the year was downgraded to minus 5.7%- minus 4.5% from the earlier forecast of minus 5%-minus 3%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who gives a shit about the stock market. Millions are out of work and these assholes are still playing monopoly with a burning planet. What a sad joke

The Oxford vaccine sounds more promising and safer only a bit behind.

They're rushing through a vaccine. No time to really study the side effects. Congress is trying to limit our ability to sue the manufacture if we're harmed by the vaccine. Hmmm think I'll pass on taking that shot.

NBC29 “Vaccine development is a long, complex process, often lasting 10-15 years and involving a combination of public and private involvement”

Ummm , market has been on upswing

COVID-19 time to help small business tweet it

No telling how much money has been made on the rigged gambling institution called the stock market. Regular people are now paying for it with there lives and Trump is the pit boss at the moment. Bodies will have to be lying in the streets before people wake up.

Democrats on the economy coming back:

It’s called MARKET MANIPULATION

'Who needs to listen to those egghead nerd scientists, they're a bunch of ivory-tower snobs!' *Something happens* 'Save us egghead scientists!'

Are we certain this wasn’t in response to Kanye suspending his campaign

The liberal media doesn't want a vaccine.

Hope it's not another pump and dump scheme.

Even if there is a vaccine no one will take it because they are convinced that bill gates put computer chips in it for some reason.

Moderna has been there since the beginning, it was the first to start trials and now has a vaccine that is working! It’s it final stages! ❤️❤️❤️❤️❤️❤️ mrna

Haha 'vaccine', Ok...Find something else to be optimistic about...

First isn't always best.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow surges then fizzles after stocks briefly turn positive for 2020The remarkable stock market comeback of 2020 briefly had another notch in its belt Monday: Stocks once again turned positive for the year. But the sizable rally fizzled late in the day, and the market turned negative. If you believe that an open bar or hair salon spreads the virus but THIS doesn’t - something is wrong with your THINKER 32% (CNBC) of Americans did not pay their mortgage in July. Stock market isn't reflecting Main Street. The disconnect has never been more apparent.
Source: CNN - 🏆 4. / 95 Read more »

Tech stocks push Europe lower after Wall Street tumblesEuropean stocks opened lower on Tuesday, hit by a drop overnight on Wall Street following a flare-up in U.S.-China tensions and new coronavirus restrictions. I’d need to know how we transition from natural gas to wind. That’s it.
Source: Reuters - 🏆 2. / 97 Read more »

Stocks slam into reverse as California dials back reopeningA big early gain for stocks suddenly flipped to losses after Gov. Gavin Newsom ordered new restrictions to quell a surge in coronavirus cases. Still very hard to belive anyone didn't see this coming.
Source: latimes - 🏆 11. / 82 Read more »

Asia Pacific stocks set to trade lower; investors await China's June trade dataStocks in Asia Pacific were set to decline at the Tuesday open, ahead of the release of China's trade data for June.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Tesla, BioNTech, Moderna and moreSee which stocks are posting big moves after the bell. Short Tesla to $750
Source: CNBC - 🏆 12. / 72 Read more »

C$ rallies along with stocks; BoC decision due WednesdayThe Canadian dollar strengthened against its U.S. counterpart on Monday as stock markets globally climbed and ahead of an interest rate decision this week from the Bank of Canada, with the loonie recovering from a 10-day low on Friday. Let me get that maple syrup eh!
Source: Reuters - 🏆 2. / 97 Read more »