- US stocks rise as leaders agree on stimulus
- Disappointing Jobless claims figures
- Novavax (NVAX.US) enters deal with EU for its COVID-19 vaccine
- Roku (ROKU.US) brings HBO Max to its devices
US indices launched today’s session higher on increased optimism over a coronavirus stimulus bill. Congressional leaders closed in on a near $ 900 billion package which includes $ 600- $ 700 stimulus checks and extended unemployment benefits but no aid to state and local governments and lawsuit liability protection. Meanwhile US Weekly Jobless Claims increased to 885 thousand, hitting a new three-month high, indicating that the pace of layoffs due to the latest wave of the coronavirus pandemic is accelerating. Yesterday, FED kept interest rates at near-zero levels and vowed to keep funneling cash into financial markets over the long term.
US30 - index has been trading in an upward trend recently. However, upward momentum has clearly slowed down as of late. Index failed to break above the upper limit of the triangle pattern despite the prevailing upbeat sentiment. Should the price break below the lower limit of the triangle formation, declines could deepen. In such a scenario, support at 29,557 pts could be the first target for market bears. Source: xStation5
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Open account Try demo Download mobile app Download mobile appNovavax (NVAX.US) stock jumped more than 4.0% after the EU has reached a preliminary deal to buy up to 200 million doses of its Covid-19 vaccine candidate. Company also entered an agreement with the government of New Zealand for 10.7 million doses of its COVID-19 vaccine candidate.
Novavax (NVAX.US) stock launched today’s session higher and is approaching local resistance at $130.57. If buyers will manage to break above it, then upward move could be extended to the $150.36 level. However should bears regain control, support at $114.42 could be at risk. Source: xStation5
Roku (ROKU.US) stock rose 7% in premarket after the company announced that it managed to reach a deal with AT&T’s (T.US) and will carry its HBO MAX streaming service beginning today. Roku had been the only streaming platform not to carry HBO MAX, which launched in May.
Accenture (ACN.US) shares rose more than 5% in premarket after the company reported quarterly earnings of $2.32 per share, compared to analysts' expectations of $2.05 a share. Revenue also came in above market forecasts. The consulting firm also raised its full-year forecast, with demand for digital and cloud services remaining strong as U.S. employees continue working from home.
General Mills (GIS) – The food producer reported quarterly earnings of $1.06 per share, which came in 9 cents above market forecasts. Revenue also beat Wall Street expectations as the restrictions on movement caused increased demand for the company's cereal and bakery products.
Pfizer (PFE.US) – Food and Drug Administration confirmed that additional doses found in vials of Pfizer’s Covid-19 vaccine can be safely used. Recently hospitals noted that vials contained more than the five doses indicated on the label, but were not sure they were allowed to administer the extra vaccine.
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