My top 10 things to watch Friday, May 10 Wall Street is poised for another higher open Friday. If premarket moves were to hold throughout the session, the Dow would notch its eighth consecutive winning day. All three major indexes are up more than 1% in this relatively quiet week of economic data, led by the Dow's 1.8% gain. As of Thursday's close, the S & P 500 was less than 1% below its March 28 all-time high. Utilities strong recently.
Utilities strong recently. Power generation needs due to AI data center builds and EVs ignite this long-time sleepy sector. Case in point,shares add Thursday's nearly 4% gain. Solid quarter. Mizuho raises to $217 per share from $132. Catch-up call for sure: $217 is right around current levels. Keeps neutral rating.with French drugmaker Sanofi to co-commercialize the company's Covid vaccine starting next year. Shares of troubled Novavax more than double.
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