Shares resumed their uptrend on Wednesday after Pfizer unveiled more positive news about vaccines, combined with more solid retail revenue and positive news for the Dow Boeing member.
The Federal Aviation Administration has approved the Boeing 737 Max jet to fly again, pushing stocks higher. GE rose in tandem.
|GIVE||GENERAL ELECTRIC COMPANY||9.99||+0.30||+ 3.10%|
RAISING THE BOUND
The Dow Jones industrial average rose above 40 points, while the S&P 500 and Nasdaq were slightly changed at the beginning of trading.
|I: DJI||DOW JONES AVERAGE||29861.84||+78.49||+ 0.26%|
|I: COMP||NASDAQ COMPOSITIVE INDEX||11865.617051||-33.73||-0.28%|
Shares of Pfizer rose after announcing 95% efficacy in its phase 3 study for its COVID-19 vaccine. Earlier this month, she said there was a 90% efficacy level for the first 94 patients.
|PFE||PFIZER INC.||37.20||+1.16||+ 3.20%|
|BNTX||BIONTECH SE||89.53||+2.60||+ 2.99%|
Target stocks rose after Walmart’s competitor said it earned $ 2.79 a share on sales of $ 22.34 billion, compared to analysts’ expectations of $ 1.60 on sales of $ 20.93 billion. in the last quarter.
Lowe’s, which competes with Home Depot in the home improvement space, fell after reporting $ 1.98 per share in sales of $ 21.17 billion. Traders expected earnings of $ 1.99 per share on $ 21.25 billion in revenue, up 22.2 percent from a year earlier.
|LOW||LOWE’S COMPANIES INC.||151.14||-8.71||-5.45%|
|TGT||TARGET CORP.||166.75||+3.44||+ 2.11%|
TJX Co. also rose after the retailer earned 71 cents a share on revenue of $ 10.12 billion. Traders expected TJX to gain 40 cents a share on sales of $ 9.36 billion.
S&P BREATHES LITTLE CAP, TRANSPORTES HIT RECORDS
|L||LOEWS CORP||43.94||+0.28||+ 0.64%|
After the market closed, the semiconductor giants Nvidia and L Brands are among the companies that report their latest results.
FRESH LOOK AT THE BODY, CRUDE BUTTER
Several economic reports related to the US housing markets have been published, showing the continued strength of the sector.
Mortgage applications for the week ending November 14 fell 0.3 percent, while U.S. housing start-ups and building permits for October reached 1.53 million and 1.54 million, respectively.
Ahead of the weekly crude inventory report, crude rose to $ 42.07 a barrel on Wednesday, up 1.5 percent.
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For other commodities, the cold fell to $ 1,872.90 an ounce, down 0.6 percent.
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