July 15, 2020

Stocks moved higher, continuing the momentum from yesterday, as investors become more optimistic of a coronavirus vaccine being released. In economic news, the U.S. budget deficit hit an all-time high of $864 billion in June.

Dow Jones +228 at 26,870

S&P 500 +29 at 3,227

NASDAQ +62 at 10,551

The 10 Year Treasury closed down 2 basis points yielding 0.63%

Oil prices closed up $0.71 ending at $41.00 a barrel

Gold prices closed up $1 ending at $1,814 an ounce

The days’ stock news:

Shares of Moderna increased 7% after its Covid-19 vaccine candidate produced neutralizing antibodies in all 45 patients involved in an early study. Those antibodies were like those seen in patients who have recovered from the virus.
Goldman Sachs helped drive the DOW higher after reporting better-than-expected earnings and revenue for its latest quarter. This was due to a strong performance in investment banking and market business.
Massachusetts is the latest state to file a suit against Uber and Lyft, saying the companies incorrectly classified drivers as independent contractors rather than employees, depriving them of benefits.