US: Stocks end lower on mixed earnings

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

[NEW YORK] Wall Street stocks fell on Tuesday following mixed earnings as clinical trials were paused for leading coronavirus pharmaceuticals, dragging on travel stocks. Read more at The Business Times.

J&J said that serious adverse events , such as accidents or illnesses, are"an expected part of any clinical study, especially large studies."

J&J's announcement was followed Tuesday afternoon by news that Eli Lilly had also paused a trial of a coronavirus antibody treatment out of safety concerns.The companies' announcements were also a drag on the broader market, said Briefing.com analyst Patrick O'Hare. Travel-related stocks, which are seen as major beneficiaries of a coronavirus vaccine, suffered especially big drops.

 

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

 /  🏆 15. in BUSÄ°NESS

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.

'Blue wave' US election expectations trigger green stocks frenzyGrowing expectations of a strong Democratic victory in U.S. elections have prompted investors to snap up renewable energy stocks, amplifying a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Nasdaq jumps 2.6 per cent as tech leads US stocks to close higherNEW YORK (AFP) - Tech shares led US stocks higher Monday, with Apple surging ahead of a new iPhone launch as investors shrugged off the stalemate over US stimulus talks in Washington.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Tokyo: Stocks close higher after US rallies[TOKYO] Tokyo stocks closed marginally higher in sluggish trading on Tuesday following rallies on Wall Street, as investors remained on the sidelines ahead of Japan's corporate results season. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »