Fierce for more
No Result
View All Result
Monday, April 12, 2021
  • Login
  • Home
  • Equities and Stocks
  • Affiliate Programs
  • Real Estate
  • Health and Fitness
  • Videos
  • Blog
  • Shop
Fierce for more
  • Home
  • Equities and Stocks
  • Affiliate Programs
  • Real Estate
  • Health and Fitness
  • Videos
  • Blog
  • Shop
No Result
View All Result
Fierce for more
No Result
View All Result
Home Equities and Stocks

Stocks poised for gains Monday as optimism rises over potential coronavirus treatments

by admin
August 24, 2020
in Equities and Stocks
0
Stocks poised for gains Monday as optimism rises over potential coronavirus treatments
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Inventory-index futures pointed to the next begin Monday, with the S&P 500 and Nasdaq Composite set to construct on final week’s document end, as buyers confirmed optimism over a possible COVID-19 remedy.

What are main benchmarks doing?

Futures on the Dow Jones Industrial Common
YM00,
+1.00%
superior 283 factors, or 1%, to 28,140, whereas S&P 500 futures
ES00,
+0.87%
rose 28.90 factors, or 0.9%, to three,421.50. Nasdaq-100 futures
NQ00,
+1.01%
had been up 112 factors, or 1%, at 11,674.

The S&P 500
SPX,
+0.34%
on Friday drifted greater by 0.3% in mild quantity to finish at a document 3,397.16, marking a 0.7% weekly advance. The Dow
DJIA,
+0.68%
rose 190.60 factors, or 0.7%, on Friday to finish the week with a acquire of lower than one level at 27,930.33. The tech-heavy Nasdaq Composite
COMP,
+0.41%
logged a 2.7% weekly rise, ending Friday at 11,311.80, its 36th document end of 2020.

What’s driving the market?

The Meals and Drug Administration on Sunday stated it had accepted using convalescent plasma, the antibody-rich part of blood taken from recovered COVID-19 sufferers, as a remedy for critical coronavirus instances. Medical consultants stated the remedy might present advantages to these battling the illness, however that there isn’t conclusive proof of its effectiveness, whereas questions stay about when it ought to be administered and dosage.

President Donald Trump hailed the transfer in a Sunday night information convention after the administration had accused the company with out citing proof of slowing approval as a way to undermine his re-election prospects.

Additionally, the Financial Times reported that Trump might order the FDA to grant the identical kind of approval to the College of Oxford vaccine to be distributed by AstraZeneca
AZN,
+3.72%
AZN,
-1.38%.

“Markets have began the week on a cheery be aware as information that President Trump has licensed the emergency use of plasma remedy for COVID-19 patents and is contemplating quick monitoring a UK vaccine earlier than the election boosted sentiment,” stated Raffi Boyadjian, funding analyst at XM, in a be aware.

Expectations for a breakthrough virus remedy have been a driving pressure behind the market’s rebound from its pandemic-induced plunge earlier this yr, Boyadjian stated, although “there’s but to be any conclusive outcomes from any of the vaccines or remedies which can be underneath growth for the coronavirus and plenty of buyers have but to get up to the prospect that the pandemic may nonetheless be round in a yr or two.”

Learn:Are inventory market buyers overpricing or underpricing a coronavirus vaccine?

The S&P 500 final week returned to document territory, erasing an almost 34% plunge that took the U.S. benchmark from a document Feb. 19 near its March 23 low, in a rally pushed largely by shares of massive tech corporations which have seen their companies profit from the pandemic, whereas shares of corporations whose efficiency is tied extra intently to the financial cycle have continued to lag regardless of some latest stretches of outperformance.

Buyers are looking forward to the Kansas Metropolis Federal Reserve Financial institution’s annual symposium. The occasion, usually held in Jackson Gap, Wyo., will probably be performed by way of internet solid this yr. Fed Chairman Jerome Powell is slated to talk Thursday on how the central financial institution plans to realize its twin targets of steady costs and most employment as soon as the coronavirus pandemic has ended.

What are different markets doing?

The yield on the 10-year Treasury be aware
TMUBMUSD10Y,
0.642%
TMUBMUSD10Y,
0.642%
rose 0.eight foundation level to 0.64%. Bond costs transfer inversely to yields.

Gold futures
GCZ20,
+0.55%
rose, with the December contract up 0.,6% at $1,958 an ounce on Comex. Oil futures
CL00,
+1.01%
gained ground as Hurricane Marco and Tropical Storm Laura converged on the Gulf of Mexico, forcing the closure of around half of its production.

In global equity markets, China’s CSI 300
000300,
+0.78%
rose 0.8%, the Shanghai Composite
SHCOMP,
+0.14%
ended 0.2% higher, and Japan’s Nikkei
NIK,
+0.28%
closed with a gain of 0.3%. The Stoxx Europe 600
SXXP,
+1.73%
jumped 1.7% and U.K.’s FTSE benchmark
UKX,
+1.80%
advanced 1.8%, getting a boost after the FDA announcement.



Source link

Tags: aarticle_normalDow Jones Industrial AverageE-Mini Dow Continuous ContractE-Mini Nasdaq 100 Index Continuous ContractE-Mini S&P 500 Future Continuous ContractEquity MarketsFIRST_PUBLISH_HEADLINE|Stocks poised for gains Monday as optimism rises over potential coronavirus treatmentsHEADLINE|Stocks poised for gains Monday as optimism rises over potential coronavirus treatmentsnN/ANASDAQ Composite IndexS&P 500 IndexUS:COMPUS:DJIAUS:ES00US:NQ00US:SPXUS:YM00
  • Trending
  • Comments
  • Latest
What Is The Difference Between TLC's Nutraburst And Nutraburst PLUS Total Life Changes

What Is The Difference Between TLC's Nutraburst And Nutraburst PLUS Total Life Changes

September 16, 2020
Capture 200+ Contacts in One Day With A Reverse BOLD

Capture 200+ Contacts in One Day With A Reverse BOLD

October 28, 2020
SuperFinished: Apple Silicon Not Holding Up (NASDAQ:AAPL)

SuperFinished: Apple Silicon Not Holding Up (NASDAQ:AAPL)

October 8, 2020
The $50 Trillion Nobody Talks About

The $50 Trillion Nobody Talks About

August 24, 2020
How Much Debt is America In? Charting the Debt Crisis

How Much Debt is America In? Charting the Debt Crisis

0
Corning’s Valor Glass In The Spotlight (NYSE:GLW)

Corning’s Valor Glass In The Spotlight (NYSE:GLW)

0
Stocks poised for gains Monday as optimism rises over potential coronavirus treatments

Stocks poised for gains Monday as optimism rises over potential coronavirus treatments

0
S&P 500 Inches Up to Another Record High, Though Most Constituents Fall

S&P 500 Inches Up to Another Record High, Though Most Constituents Fall

0
How Much Debt is America In? Charting the Debt Crisis

How Much Debt is America In? Charting the Debt Crisis

April 12, 2021
Barre Bootcamp 2.0 – we start one week from today!

Barre Bootcamp 2.0 – we start one week from today!

April 12, 2021
Share Trading in Pakistan Kaiseh Karteh Hain? Stock Market Guide | Financial Education Video

Share Trading in Pakistan Kaiseh Karteh Hain? Stock Market Guide | Financial Education Video

April 12, 2021
The Stock Market: More New Historical Highs

Canaan Inc. (CAN) CEO Nangeng Zhang on Q4 2020 Results – Earnings Call Transcript

April 12, 2021
Currently Playing
Fierce for more

Site Navigation

  • Home
  • Contact Us
  • Privacy Policy
  • Affiliate Disclosure

© 2020 All rights reserved

No Result
View All Result
  • Home
  • Equities and Stocks
  • Affiliate Programs
  • Real Estate
  • Health and Fitness
  • Videos
  • Blog
  • Shop

© 2020 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.