Results of a trial developed with Cambridge, MA-based Ridgeback Biotherapeutics are positive for an oral antiviral treatment for Covid-19.
Author archives: Mark Vickery
Markets Post Worst Trading Day in Months
We see supply constraint issues meeting with an unsure near-term future with the budget of the federal government, along with a Fed body looking close…
Nike, Costco Report Better Earnings than Expected
Both Nike and Costco beat bottom-line estimates in their subsequent quarters, but struggled to match on the top-line.
Fed Points Toward Taper, Market Bids Up 1%
The dot-plot for raising interest rates looks fairly mild across the board, which of course would follow the tapering process.
Housing Data Better than Expected on Growth in Northeast
Housing Starts came in at 1.62 million, higher than the 1.55 million estimate, which happened to be the headline number for July.
Markets Climb Off Session Lows, Still Down Big
The “Chinese contagion” trade did deplete all sectors for the day; almost nothing survived this 2%+ knee-capping.
Even Apple Can’t Sweeten Market Indexes
The Dow dropped nearly 300 points, -0.83% on the day. The S&P 500 and Nasdaq were pretty close: -0.57% and -0.45%, respectively.
Markets Close at Session Highs; Oracle (ORCL) Posts Mixed Q1
For the Dow and the S&P, they have each finally snapped a five-session losing streak.
LULU, RH Beat Earnings; GME Drops on Bottom-Line Miss
Lululemon (LULU) results were better than expected after hours, with $1.65 per share easily outperforming the $1.21 Zacks consensus.
Nasdaq Keeps Inching Higher; 10-Year Yield Now 1.37% (revised)
The Nasdaq’s intra-day highs have been even higher than the record-high closes.