Monthly Archives: July 2020


US Stocks in the Red with Traders Shrugging Off Positive Covid-19 Vaccine News Amid Flaring US-China Tensions

US stocks had started last week on a positive note, with the Nasdaq notching a record close on Monday, as markets enthusiastically awaited quarterly results from major companies. Investors rejoiced positive news related to coronavirus vaccine candidates. AstraZeneca and the University of Oxford announced promising results from their covid-19 vaccine candidate in Phase 1 clinical

By |2020-07-27T16:02:23+05:30July 27th, 2020|Finance|0 Comments

Wall Street Remains Volatile as Vaccine Optimism Gets Dampened by Rising Infections

US stocks started the week on a strong note on Monday last week, as investors cheered news of positive trial results for covid-19 vaccine candidates. Pfizer reported that two of its vaccine candidates had been awarded FDA’s Fast Track designation. Moderna joined in to issue some encouraging data for its covid-19 candidate, showing that the

By |2020-07-20T17:11:09+05:30July 20th, 2020|Finance|0 Comments

Nasdaq Hits New Highs Amid Record Surge in Covid-19 Infections

US stocks started the week on a positive note after China’s blue-chip stocks surged to multi-year highs. As coronavirus cases continued to rise in various states in the US and other parts of the world, tech stocks climbed, taking the Nasdaq to a new high. The US services index also returned to expansion territory, with

By |2020-07-13T17:00:28+05:30July 13th, 2020|Finance|0 Comments

US Stocks Rebound on Covid-19 Vaccine Hopes and Jobs Data

US markets started the week on a positive note despite a spike in new coronavirus cases. Various states in the US, including Texas and Florida, have reversed their reopening measures after witnessing a record rise in cases last week, including the highest single-day infections of 52,000 on Wednesday. Investors cheered news of Pfizer and German

By |2020-07-06T18:25:38+05:30July 6th, 2020|Finance|0 Comments