Coming off a week that saw the red-hot technology sector actually lead the market lower we began this week with the market moving higher lead by strength in technology as we await the next stimulus package out of Washington.
The Dow opened flat
At the close
In corporate news shares of drug developer Moderna plunged 23% last week but was 9% higher today after the company received another $472M of government assistance for development of their COVID vaccine candidate. Hasbro, already down 25% for the year, dropped 7% today after reporting disappointing revenue and net income for the most recent quarter. Biogen gained 5% on a Morgan Stanley upgrade to buy based in large part on the prospect for their new Alzheimer’s drug.
Stocks ended the day lower with the DOW, S&P, and...
Stocks ended the week higher, with the DOW, S&P and...
U.S. stocks closed up today as the market bounced back...
May is historically a quiet month for the market and...
April has historically been one of the better months for...
For several months we have been noting stock valuations were...
