Day: September 23, 2020

Stock futures little changed following sell-off on Wall Street

spike 4 months ago

Stock futures were slightly higher during overnight trading as the major averages attempted to recover from Wednesday’s heavy losses, which saw the S&P 500 tumble more than 2%.

Futures contracts tied to the Dow Jones Industrial Average rose 0.13%, pointing to a 75-point gain at the open on Thursday, while S&P 500 futures advanced 0.08%. Nasdaq 100 futures dipped 0.06%.

Stocks continued their September swoon on Wednesday, with all of the major averages registering steep losses. The Dow Jones Industrial Average closed 525.05 points, or 1.9%, lower, reversing a 176-point gain from earlier in the session. The S&P 500 declined

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Should front-line medical workers get the coronavirus vaccine first? Not necessarily

spike 4 months ago

Health workers treating patients with the coronavirus may be at the top of the line to get a vaccine once one is approved. But that’s not necessarily the obvious move. 

The National Vaccine Advisory Committee met Wednesday for the first of a two-day public meeting on the Covid-19 pandemic, vaccine developments and a distribution plan whenever one is ready. 

“The question is, how at risk are healthcare workers, especially in the United States, especially in the era of adequate PPE,” Dr. Ezekiel Emanuel, chair of the Department of Medical Ethics and Health Policy at the University of Pennsylvania, said at

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Tesla, Dollar Tree, Jefferies Financial Group & more

spike 4 months ago

A Tesla Inc. vehicle charges at a charging station in San Mateo, California, U.S., on Tuesday, Sept. 22, 2020.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines after the bell: 

Jefferies Financial Group — Shares of the financial services firm jumped more than 14% following the company’s third quarter earnings results. Jefferies earned $1.07 per diluted share, up from 15 cents in the same quarter a year ago. Revenue came in at $1.62 billion, and the company also increased its stock buyback program to $250 million.

Dollar Tree — The bargain retailer gained

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Tech pressure adds to September blues on Wall Street

spike 4 months ago

Traders work on the floor of the New York Stock Exchange.

Spencer Platt | Getty Images

Dow Jones Industrial Average drops 525 points

‘FAANGM’ lower once again

Amazon, Apple and Netflix were all down by more than 4% to lead lower the group of tech stocks known as “FAANGM.” Facebook slid 2.3% and Alphabet dipped 3.5%. Microsoft pulled back by 3.3%. Those declines added to already steep FAANGM losses for the month. 

Virus and stimulus uncertainty

Investors have faced a slew of headwinds this month, including a rising number of global coronavirus cases and uncertainty around further U.S. fiscal stimulus.

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