Nasdaq leads the S&P 500 with the latest vaccine news reaction muted
- Positive vaccine news hit the headlines for the fourth Monday in a
row, but the major averages are cautious this time around as a historic
November comes to a close.
- The Dow (DJI) -0.6%, which benefited the most from the recovery trade,
is off the most, while the S&P (SP500) -0.2% is also down. But the
Nasdaq (COMP) +0.3% is edging higher.
- Moderna +13% is set to apply for regulatory authorization for its
COVID vaccine today.
- Info Tech (NYSEARCA:XLK) is the only S&P sector in the green. Apple
+1.3% rose after a bullish note from Morgan Stanley highlighting 5G.
- Energy (NYSEARCA:XLE) -1.6% is bringing up the rear, but set to post
its best month ever. Crude futures -0.6% have been volatile as OPEC+
meets with an extension of production cuts in the balance.
- Spot gold -1% continues its decline, down to prices seen around the
start of July.
- Interest rates are flat. The 10-year Treasury yield is at 0.85%, lower
than where it was at the beginning of the month, raising interesting
caveat
about the confidence in the recovery in the bond market.
|Today, 9:33 AM|1 Comment
- Positive vaccine news hit the headlines for the fourth Monday in a
row, but the major averages are cautious this time around as a historic
November comes to a close.
- The Dow (DJI) -0.6%, which benefited the most from the recovery trade,
is off the most, while the S&P (SP500) -0.2% is also down. But the
Nasdaq (COMP) +0.3% is edging higher.
- Moderna +13% is set to apply for regulatory authorization for its
COVID vaccine today.
- Info Tech (NYSEARCA:XLK) is the only S&P sector in the green. Apple
+1.3% rose after a bullish note from Morgan Stanley highlighting 5G.
- Energy (NYSEARCA:XLE) -1.6% is bringing up the rear, but set to post
its best month ever. Crude futures -0.6% have been volatile as OPEC+
meets with an extension of production cuts in the balance.
- Spot gold -1% continues its decline, down to prices seen around the
start of July.
- Interest rates are flat. The 10-year Treasury yield is at 0.85%, lower
than where it was at the beginning of the month, raising interesting
caveat
about the confidence in the recovery in the bond market.
|Today, 9:33 AM|1 Comment
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