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Boeing, Pfizer give a boost to the Dow, and oil ticks higher



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.

Ticker Security Last Change Change%
BA BOEING COMPANY 21
7.03
+7.00 + 3.34%
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.

Ticker Security Last Change Change%
I: DJI DOW JONES AVERAGE 29861.84 +78.49 + 0.26%
SP500 S&P 500 3608,37 -1.16 -0.03%
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.

Ticker Security Last Change Change%
PFE PFIZER INC. 37.20 +1.16 + 3.20%
BNTX BIONTECH SE 89.53 +2.60 + 2.99%

RETAIL CRANE

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.

Ticker Security Last Change Change%
LOW LOWE’S COMPANIES INC. 151.14 -8.71 -5.45%
TGT TARGET CORP. 166.75 +3.44 + 2.11%
TJX TJX 62.80 +1.68 + 2.75%

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

Ticker Security Last Change Change%
NVDA NVIDIA CORPORATION 528,73 -8.16 -1.52%
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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GOLDEN DIPS

For other commodities, the cold fell to $ 1,872.90 an ounce, down 0.6 percent.

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