The recent surge in biotech stocks extends beyond IPOs, as investors chase companies working on potential vaccines to combat Covid-19. But some longtime investors are wary of the run-up and warn there are risks to chasing companies at early stages of development.
Prospects for new stimulus bill, tensions with China and the pace of new coronavirus infections are weighing on the stock market.
Here are seven major companies whose stocks moved on the week’s news.
U.S. stocks ticked higher as the latest employment report showed the economy added more jobs than expected last month, though uncertainty surrounding fresh government stimulus threatened to crimp a recovery.
U.S. stocks rose Thursday as the number of Americans applying for unemployment benefits came in below expectations, but still held at historically high levels.
The mortgage lender’s stock closed above its initial offering price of $18 a share.
The company’s sudden rise and plummet offer a warning for investors who ignore fundamentals and focus on a potential coronavirus connection.
Rocket Cos., the parent of Quicken Loans, priced shares below its target range, with an offering of 100 million shares at $18 apiece. The stock is expected to start trading Thursday on the New York Stock Exchange.
U.S. stocks rose after White House negotiators said they aim to reach a deal on a new coronavirus-relief package by the end of the week.
U.S. stocks showed slight gains as a slew of major companies reported earnings, some of them beating already low expectations from coronavirus economic troubles.
The Dow industrials and S&P 500 rose as big technology companies surged and the U.S. registered its lowest number of new Covid-19 infections in weeks.
In the U.S., the stock-exchange operator’s indexes are the country’s best-performing major stock benchmarks this year. In Europe, the Nasdaq-owned Copenhagen exchange’s index is leading the charge.
Shares of Apple enjoyed a big bounce after the iPhone maker revealed plans to execute a 4-for-1 stock split.
Big tech keeps getting bigger despite concerns about their size and influence, smoking is making a comeback and now more than ever, consumers want to keep their houses clean.
The Dow industrials and S&P 500 came back to post Friday gains, while Apple soared 10% after Thursday’s earnings highlighted the resilience of their operations during the coronavirus pandemic.
Apple said Thursday that it will enact a 4-for-1 stock split, essentially giving investors three more shares for every one they own.
Affirm is laying the groundwork for an initial public offering that could value the financial-technology startup at as much as $10 billion.
U.S. stocks fell on one of the busiest days of the corporate earnings season, while new data laid bare the extent of the economic damage wrought by the coronavirus pandemic.
Major indexes opened modestly higher and gains accelerated after the Fed, as expected, left rates near-zero at the end of its two-day policy meeting.
The Dow closed lower as investors weighed the potential terms of the next stimulus bill and a slowdown in coronavirus infections while awaiting earnings from a string of major companies.
