Plus, another 2.4 million Americans filed for unemployment bringing the pandemic total to more than 38 million, AstraZeneca was awarded $1.2 billion from the U.S. government for the development of its COVID-19 vaccine, and Best Buy shares are down after earnings.
Read MorePlus, Moderna shares are down after a report throwing cold water on its preliminary vaccine results, doctors in China are seeing the coronavirus manifest differently in a second wave of infections, Google Cloud landed a new contract with the DoD, and Lowe’s reported online sales surged 80% in its first quarter.
Read MorePlus, Trump threatened to permanently halt funding to the World Health Organization, major tech executives sent a letter to Congress urging another $1 trillion in relief for state and local governments, airlines are seeing bookings rise, and Pier 1 is seeking approval to wind down its business completely.
Read MorePlus, the FDA granted emergency use authorization for Abbott Laboratories’ COVID-19 antibodies test, oil is higher after Saudi Arabia said it would cut production by an additional 1 million barrels per day, and Constellation Brands got a downgrade from MKM Partners.
Read MorePlus, oil is gaining as demand begins to pickup again, Pfizer has begun human trials of its COVID-19 vaccine candidate, Wendy’s restaurants are running out of beef, and Wayfair shares are up after it reported sales surged 20% last quarter.
Read MorePlus, stocks were lower on fears that President Trump may reignite tensions with China, Amazon said that it expects to spend as much as it earns in the second quarter on COVID-related expenses, and Apple shares took a hit after the iPhone maker declined to give forecast for the first time in a decade.
Read MorePlus, oil prices rose on reports of an explosion at an oil tanker in Syria, Treasury Secretary Mnuchin said it’s “outrageous” that the Los Angeles Lakers and other large companies received aid meant for small businesses, Simon Property Group is preparing to reopen 49 of its mall properties nationwide, and its a busy day for earnings.
Read MoreThe investing veteran says the market may be in for “a double bottom” as earnings look grim and economic data becomes bleaker.
Read MorePlus, the program to provide emergency loans to small businesses amid the coronavirus crisis has run out of money, the Trump administration is expected to unveil its plan to reopen state economies, earnings season marched on with Morgan Stanley and Abbott Laboratories, and Mastercard got a downgrade.
Read MorePlus, negative bank earnings kept rolling in, coronavirus cases surpassed 2 million globally, Abbott Laboratories released a new COVID-19 antibodies test, and Apple released a new, budget-friendly iPhone.
Read MorePlus, earnings season began with JPMorgan, Wells Fargo, and Johnson & Johnson reporting, Roku shares are higher after the streaming device maker said it netted 3 million active accounts in the first quarter, and Tesla shares are up after an upgrade.
Read MorePlus, the S&P may have just entered a new bull market, Darden Restaurants shares are up after it said to-go orders are surging, and Carnival shares are up after the Saudi sovereign wealth fund takes a big stake in the cruise operator.
Read MoreThe market hasn’t bottomed yet, but these are the key conditions to watch for.
Read MorePlus, 1 month and 3 month Treasury yields slipped into negative territory this morning, Target withdrew its full-year forecast, and Nike shares are rising after the sneaker maker reported better-than-expected sales.
Read MorePlus, Pfizer announced it is initiating a program to screen antiviral drugs in its pipeline to identify possible treatments for the coronavirus, Target and Kohl’s reported earnings, and Thermo Fisher is buying Qiagen.
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