Stocks mixed; COVID-19 vaccine trials to restart
U.S. investors went home on Friday in a cautious mood after the week ended without any sign of a deal on an economic stimulus package.
The Dow posted a modest loss on Friday, while there were minor gains for the S&P 500 and the Nasdaq.
Longer term...Wall Street snapped a three-week winning streak.
Greg Hahn, chief investment officer, Winthrop Capital Management
"We think we're in a holding pattern. We think we have to see what happens with stimulus right now. I think portfolio managers are looking at getting portfolios in shape heading into the end of the year. So we're gonna start to see tax-loss harvesting, some positional trading. But in terms of of altering the portfolio with respect to stock selection right now, I think we just have to wait and see what stimulus looks like. It's been a good three weeks, though."
There were a number of earnings duds.
American Express missed third-quarter profit estimates. Its cardholders, who tend to skew more affluent, spent roughly 20 percent less over the past three months. Profits also took a hit from the $665 million AmEx set aside to cover card-spending that might go unpaid.
Shares of chipmaker Intel tumbled 10-1/2 percent. Wall Street frowned upon a quarterly sales mix that bent more towards less-profitable chips for cheaper laptops and slower government data center spending.
But in three bright spots....
Gilead Sciences rose after its antiviral drug Remdesivir became the first and only drug to get U.S. approval for treating patients hospitalized with COVID-19...
The FDA gave AztraZeneca the green light to restart late-stage clinical trials for an experimental COVID-19 vaccine. U.S. trials were halted for more than a month after a report of a serious neurological illness in a British participant...
And Johnson & Johnson says it has been cleared to resume its COVID-19 vaccine trials after it was briefly halted due to what it called a serious medical event.
相關影片推薦
- 2:41日本90年代奇葩真人秀 諧星被迫全裸關房間逾一年 20年後紀錄片回顧創傷歷程Yahoo奇摩(國際通)17,778 次觀看・20 小時前
- 2:21花9千網購買到假貨 利菁PO文揭兩步驟追款華視影音24,182 次觀看・10 小時前
- 1:44「阿姨 妳拿我的雞腿幹嘛」 抓包婦人偷雞腿TVBS新聞網影音44,117 次觀看・13 小時前
- 1:0672歲李立群曬照慶祝生日 33歲女兒李元元罕見出鏡娛樂星聞5,163 次觀看・7 小時前
- 1:4131歲接家業! 殷琪婚姻兩度觸礁又未婚生子民視影音450,340 次觀看・1 天前
- 1:35已婚男帶女子住高檔摩鐵 突然猝死妻錯愕|#鏡新聞鏡新聞2,894 次觀看・9 小時前
- 1:28兒媳搶家產 打人 還趕公公出門? 竹北紅布條引熱議東森新聞影音83,486 次觀看・13 小時前
- 1:59測試「帝王條款」?黑衣男擋列車90秒 將被罰款.移送華視影音1,976 次觀看・16 小時前
- 1:24志效綜藝玩哏「子瑜道歉事件」引眾怒 陶晶瑩不忍發聲:快變冷凍水餃娛樂星聞10,795 次觀看・14 小時前
- 2:18乖乖存穩穩賺 鎖定「含金湯匙」ETF進擊的荷包55,498 次觀看・2 天前