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Goldman Sachs shares jump as earnings blow past the Street on the best trading results in years

Goldman Sachs (GS) earnings Q2 2020 blow past StreetSEARCH QUOTES x+1'); } catch (e) { return false; } return true; } function addScript(src) { var s = document.createElement('script'); s.setAttribute('src', src); document.head.appendChild(s); } if (!isES6Supported()) { addScript('https://static-redesign.cnbcfm.com/dist/polyfill-8d6b7d0e3d0bf79db911.js'); } ]]> Source link ...

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Dow futures jump 250 points after Moderna says its vaccine produces antibodies to coronavirus

Stock futures climbed higher in overnight trading on Tuesday after Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hope for a faster economic recovery. Futures on the Dow Jones Industrial Average jumped 250 points, pointing to a 220-point gain at Wednesday's open. The S&P 500 futures and the Nasdaq 100 futures rose 0.5% and 0.3%, respectively. Biotech Moderna's potential vaccine to prevent Covid-19 produced a "robust" immune response, or neutralizing antibodies, in all 45 patients in its early stage human trial, according to newly released data published Tuesday evening in the peer-reviewed New England Journal of Medicine. Shares of Moderna surged more than 16% in after-hours trading on Tuesday. Stocks directly tied to an econom...

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Stock futures rise ahead of bank earnings

U.S. stock futures moved higher in early trading and pointed to gains at the open on Tuesday, as investors eye earnings reports from some of the nation's largest banks.  Dow futures rose 90 points. The S&P 500 and Nasdaq 100 futures rose 0.3% and 0.4%, respectively. On Monday, the Dow Jones Industrial Average gave up a 500-point gain to end the day up 10 points. The S&P 500 ended the day down 0.95%, having earlier rallied 1% to briefly trade positive for the year. Monday marked the first time since early June that the S&P 500 traded positive year to date. The Nasdaq Composite dipped 2.1%, pushed lower by losses in Netflix, Microsoft, Amazon and Facebook. The technology heavy index rose nearly 2% at its session high on Monday. The Nasdaq-100, which is made up of the 100-l...

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OPEC+ set to roll back some production cuts but risks sending prices lower again

OPEC+ production cuts have brought oil prices back from the brink, but the group will have to tread carefully to avoid triggering a new price collapse when it begins to reverse those reductions. The Joint Ministerial Monitoring Committee, which reviews OPEC+ production, meets on Wednesday, and will consider whether the the group should keep 9.6 million barrels a day off the market, or roll that back by about 2 million barrels  a day, as sought by Saudi Arabia. OPEC+ has been policing its members and demanding high compliance of its latest round of cuts. "The question is, going forward, if you start easing, which they're going to do, can they keep it together or do they open the flood gates?" said Helima Croft, RBC head of global commodities strategy. "Can you hold discipline within t...

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Tesla jumps 14% on S&P 500 inclusion speculation — Now the 10th biggest U.S. stock by market value

Shares of Tesla hit a new all-time high on Monday, extending the stock's record run, as investors continue to pile into the Elon Musk-led company. And as the company's valuation climbs ever higher, speculation is growing that the company will soon join the S&P 500. After Monday's open, Tesla's market value increased to $321 billion, according to FactSet. That makes it the 10th largest U.S. stock by market value, leapfrogging Procter & Gamble, according to FactSet. After closing at an all-time high on Friday, shares were another 14% higher on Monday. For the year, the stock is up more than 300%. Earlier in July Tesla topped Toyota to become the largest automaker in the world by market value.  The stock is up more than 55% in July alone after the company handily beat delivery e...

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Dow futures rise 100 points as investors shake off a continued spike in coronavirus cases

A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty ImagesStock futures rose in overnight trading on Sunday as investors looked past a record spike in coronavirus cases in Florida. Futures on the Dow Jones Industrial Average gained about 130 points, pointing to a 160-point gain at Monday's open. The S&P 500 futures and the Nasdaq 100 futures rose 0.5% and 0.4%, respectively. Florida reported 15,299 new coronavirus cases on Sunday, the highest single day total for any U.S. state since the pandemic began. Meanwhile, the U.S. has reported more than 60,000 new cases daily for three days in a row now, bringing the national total to more than 3 million cases, according to data from Johns Hop...

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Stock futures decline following Thursday’s wild session

People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty ImagesStock futures fell in early Friday trading following a mixed session in which coronavirus concerns pushed investors further into tech shares. Dow Jones Industrial Average futures were down 242 points or 0.95% at 2:35 a.m. ET. S&P 500 and Nasdaq-100 futures also traded lower, down 0.8% and 0.59%, respectively.  The Nasdaq Composite closed at an all-time high during regular trading as Amazon jumped 3% to a record. Microsoft, Apple and Netflix were also higher. But the rest of the market struggled. The Dow dropped more than 300 points, erasing its week-to-date gains. The S&P 500 dipped 0.6%."It was a relatively quiet session, yet a roller coaster ride nonetheless," sa...

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