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What to watch today: Stocks set to fall after record closings for Dow and S&P 500

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U.S. stock futures slipped after Friday's rally on Covid reopening optimism lifted the Dow and S&P 500 to record closes.

to allow its Covid antibody therapy to be used as a preventative treatment. In a phase three clinical trial, the company said the drug cocktail reduced the risk of symptomatic infections in individuals by 81%. The therapy was given to then-Presidentwith the reopening of non-essential shops and pub beer gardens on Monday. A number of pubs with 24-hour licenses opened as soon as they were allowed: at one minute past midnight. The U.K. aims to lift all social restrictions on June 21.

Almost 20 major companies worried about a global semiconductor chip shortage that has roiled the auto industry will send senior executives to a

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'Reopening' stocks give S&P 500, Dow strong footing, tech names lagThe S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and 'economy reopening' stocks continued.
Source: Reuters - 🏆 2. / 97 Read more »

S&P 500, Dow start month on strong footing, growth stocks lagThe S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and 'reopening' stocks continued. How can this be true? The US President wasn't squawking about it....oh wait....different era now.
Source: Reuters - 🏆 2. / 97 Read more »

S&P 500, Dow hit record highs on bank earnings boostThe S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings reports from big U.S. banks, while optimism about a solid economic rebound put the main indexes on course for weekly gains.
Source: Reuters - 🏆 2. / 97 Read more »