Here are five things you should know for Wednesday, July 15:
1. – Increase of future shares in the progress of the vaccine
Stock futures rose Wednesday, receiving a boost from news that a candidate for the Moderna coronavirus vaccine (MRNA) – Get report it produced the desired immune response and a benchmark test will be launched later in July.
Contracts linked to the Dow Jones Industrial Average rose 316 points, S&P 500 futures gained 31 points and Nasdaq futures rose 75 points.
The vaccine, developed by Moderna and the US National Institutes of Health, produced antibodies in all patients evaluated in an initial safety trial. The data was published Tuesday night in the peer-reviewed New England Journal of Medicine.
Scientists will begin a study of 30,000 people on July 27 to determine the effectiveness of the coronavirus vaccine, which has infected more than 13.3 million people worldwide and killed nearly 580,000.
“The icing on the cake has to be the positive update of the vaccine against the virus, since optimism about the vaccine is more than an obstacle. It is the last obstacle to the recession, ”said Stephen Innes of AxiCorp.
“The positive coverage of a possible Covid-19 vaccine represents a rotating carousel of positive news that is overwhelmingly increasing cases of viruses in the United States,” he added.
Shares rose Tuesday in a hectic session as Wall Street weighed the profits of big US banks and a surge in US coronavirus cases.
The Dow rose 556 points, or 2.13%, to close at 26,642, and the S&P 500 gained 1.34%. The Nasdaq closed 0.94% higher.
2. – Coronavirus – The Latest
The number of confirmed global cases of the coronavirus has increased to 13,323,530, according to Johns Hopkins University., and deaths increased to 578,628.
The United States has 3,431,574 cases of coronavirus, the most in the world, according to Johns Hopkins. Deaths in the United States have risen to 136,466, also the most in the world.
Moderna’s shares rose 13.55% to $ 85.21 in pre-market trade on Wednesday after results from a study of 45 people showed that the company’s coronavirus vaccine induced the desired immune response for all patients. .
“This is really good news,” said Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, in an interview with The Wall Street Journal.
“The gold standard of protection against a viral infection is neutralizing antibodies,” he added. “And the data from the study, however small, is quite clear that this vaccine is capable of inducing quite good [levels] neutralizing antibodies. “
Florida coronavirus deaths rose by a record 132 to 4,409 Monday through Tuesday, according to Johns Hopkins University and Bloomberg. Cases in the state increased 3.3% to 291,629.
Arizona reported 4,273 new cases of coronavirus, most in 11 days.
3. – Goldman Sachs reports earnings
Goldman Sachs earnings reports expected Wednesday (GS) – Get report, US Bancorp (USB) – Get report, PNC Financial (PNC) – Get report, Bank of New York Mellon (BK) – Get report and Alcoa (AA) – Get report.
Goldman Sachs earnings preview: where to buy the sauce
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Wednesday’s economic calendar includes the Empire State Manufacturing Survey for July at 8:30 a.m. ET, import and export prices for June at 8:30 a.m., industrial production for June at 9:15 a.m. and oil inventories for the week ending July 10 at 8:30 am 10:30 am
4. – Tesla Gets Tax Cut of $ 14.7M If He Builds a Factory in Texas
Tesla (TSLA) – Get report You will receive tax breaks of at least $ 14.7 million if the electric car maker builds its next factory in Travis County, Texas.
Under the terms of the deal, the amount of Tesla’s tax incentives could increase significantly if the company invests more than $ 1.1 billion at the manufacturing plant near Austin. Tesla has said the plant will employ 5,000 people, the Austin statesman reported.
Tesla’s newest factory is expected to build the all-electric Cybertruck and Model Y.
5. – Nissan presents its first fully electric SUV
Nissan’s first all-electric SUV, the Ariya, has a range of up to 379 miles and is expected to go on sale in mid-2021.
The Ariya is the first completely new product from the Japanese automaker to be released under a new administration that took over in December, Bloomberg noted.
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