during a late-stage trial. The promising Moderna announcement makes the Massachusetts-based biotech firm the second drugmaker to say it has a potentially effective vaccine.
Wall Street was coming off a mixed weekly performance in which beaten-down value names led the way higher at the expense of high-flying growth names. The Dow climbed 4% last week, and the S&P 500 notched a 2.2% one-week gain. The Nasdaq Composite lagged, however, sliding 0.6%. "Encouraging vaccine news continues to support pro-cyclical and value sectors, which have seen strong relative performance this month after a period of historic underperformance," said Mark Hackett, chief of investment research at Nationwide, wrote in a note. "Supporting this rotation is the prospect for additional stimulus, continued improvement in earnings, a historic valuation gap and the prospect for improving global trade under a Biden administration.
More than 11 million Covid-19 infections have been confirmed in the U.S., according to data from Johns Hopkins University. Data from thealso showed that a record of more than 68,500 people in the U.S. are hospitalized with the coronavirus.
Rich get richer. Everyone else, meh.
The stock market has NOTHING, I repeat NOTHING, to do with the economy.
6 million missed rent and/or mortgage payments in September. Eviction/foreclosure moratorium expires on 31 Dec. But all is fantastic as far as Wall Street is concerned
Am new here, let's gain followers together
Record high...Hope.?
Euphoria fueled by hopes instead of fundamentals.
thank you very much for your work
Milan Italy 🇮🇹 at night seen from the Taxi 🚖 in the period of curfew