Clickbank Ads

Dow Jones Industrial Average rises 8 points

Big Amazon price-target hike

Amazon rallied nearly 8% after after a Goldman Sachs analyst hiked his price target on the stock to $3,800 per share, the highest on the Street. Shares of Microsoft gained 4.30%. Netflix, Alphabet and Facebook  all closed more than 1.4% higher. Tech’s gains came after a downbeat week, which led to the Nasdaq’s first weekly decline in three weeks, while beaten-down value names outperformed in that time period. 

Vaccine news and stimulus in focus

Dow member Pfizer and BioNTech reported early positive data on a joint coronavirus vaccine candidate. Another vaccine candidate from Oxford University and AstraZeneca showed a positive immune response in an early trial. Traders also turned their eyes to Washington as lawmakers begin negotiations on new stimulus measures.

What happens next?

Snap and Coca-Cola are among the companies set to report earnings.  

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Source link

Write A Comment