The Dow Jones Industrial Average DJIA, +1.32% rose 192 points, 0.7%, to open near 27,858, while the S&P 500 SPX, +1.71% added 33 points, 1%, and opened at about 3,374. The Nasdaq Composite COMP, +2.30% punched 155 points higher to open near 11,009, up about 1.4%. The tech-heavy index ended trading Friday down 4.
1% for the week, its worst showing since March, as investors sold stocks perceived as too expensive, and options trades that have bid up those equities over the past few months continued to unwind. AstraZeneca PLC AZN, +0.98% said Monday it was restarting its vaccine clinical trials, after a delay last week. Shares were nearly 1% higher in early trade. Gilead Sciences GILD, +3.74% said it will acquire Immunomedics IMMU, +101.52%, maker of the breast-cancer drug Trodelvy.
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:
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.
5 things to know before the stock market opens MondayHeading into Monday trading, the Nasdaq was off just under 10% from its closing record on Sept. 2.
Source: CNBC - 🏆 12. / 72 Read more »
These are the tech-focused auto stocks to invest in today, says Goldman SachsNew for subscribers: These are the tech-focused auto stocks to invest in today, says Goldman Sachs Check out CNBCPro today. Pro 20m Retail/robinhoods buying dips by rote at the top of this bubble—until they can’t in last gasps. As it retraces to test lower averages. Powers ensuring market tanks to to lows before presidential debate. A few weeks of market correction before 9/29 is kryptonite to Trump.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street’s top analysts are recommending stocks like Uber and Lovesac amid market volatilityYour weekend brief: Wall Street’s top analysts are recommending stocks like Uber and Lovesac amid market volatility I'm recommending Dollar Store, food delivery, gold. Like Cramer, AAPL is never not good. Public recommendations are always suspicious for me 🤷♂️ 'top' analyst...
Source: CNBC - 🏆 12. / 72 Read more »