Stocks Rise Amid Renewed U.S.-China Tensions, Pfizer Vaccine Deal

The stock market opened slightly higher on Wednesday thanks to positive vaccine news from Pfizer and despite the U.S. ordering China to close its consulate in Houston—a move that further escalates tensions between the world’s largest economies.The Dow Jones Industrial Average was up 0.3%, nearly 100 points, on Tuesday, while the S&P 500 rose 0.1% and the tech-heavy Nasdaq Composite lost 0.1%.

, saying the decision was made in order to protect intellectual property and private information of citizens. Beijing condemned the decision: Foreign Ministry spokesperson Wang Wenbin called the move “an unprecedented escalation,” vowing that “China will react with firm countermeasures.”to produce and deliver 100 million doses of their coronavirus vaccine—if it passes clinical trials, the companies announced Wednesday.

More companies also disclosed earnings: Snapchat missed expectations after reporting fewer than expected daily active users, while United Airlines reported aTech stocks were largely steady at Wednesday’s open, after dragging the Nasdaq lower in the previous session. Major companies like Microsoft and Tesla both report quarterly earnings later in the day. Investors will be watching closely if Tesla reports profitability, which could make the company qualify to becomeBoth the surge in U.S. coronavirus cases and rising tensions with China could spark a 20% to 30% meltdown in the stock market, Ed Yardeni, president of Yardeni Research,

skleb1234 Why in Houston ?

skleb1234 Because it's manipulated. The clueless financial media.

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Источник: WSJ - 🏆 98. / 63 Прочитайте больше »

US stocks edge higher as traders weigh new spending bill against rising China tensions | Markets InsiderUS stocks edged higher on Wednesday as traders weighted the prospects of a new spending bill against inflamed tensions with China. Concerns of a... Stop reading all of this and start investing in ETFs and index funds! Market always goes up over long time horizons but fluctuates on a daily basis. Think long term! Instead of reading this, start learning about budgeting! Building a good budget allows you to cut expenses so you can invest more money!
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