Former Secretary of Health and Human Services Tom Price shares ideas about developing a coronavirus vaccine and what society must do until a vaccine is created.
US equity futures are trading higher ahead of Wednesday’s session on Wall Street following promising news about an experimental coronavirus vaccine.
The major futures indices suggest a gain of 0.8 percent.
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The news encouraged investors that an experimental COVID-19 vaccine in development by Moderna and the US National Institutes of Health boosted people’s immune systems just as they wanted.
In Europe, London’s FTSE is gaining 0.8 percent, Germany’s DAX added 0.9 percent, and France’s CAC rose 0.9 percent.
On Wednesday in Asian markets, the Tokyo Nikkei rose 1.6 percent, Hong Kong’s Hang Seng lost 0.2 percent and China’s Shanghai Composite fell 1.6 percent.
MODERN STOCK SOARS FOLLOWING POSITIVE RESULTS IN CORONAVIRUS VACCINE CANDIDATE
The Bank of Japan maintained its ultra easy monetary stance unchanged at the conclusion of a policy meeting. He predicted that the economy would improve later in the year, assuming there is no major “second wave” of outbreaks of the new coronavirus.
The news about the vaccine came after the end of commercialization for the U.S. markets, where after another day of unsolved trading, the S&P 500 was up 1.3 percent, the Dow Jones Industrial Average added a 2 , 1 percent and the Nasdaq compound gained 0.9 percent.
| Heart | Security | Latest | Change | Change% |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 26642.59 | +556.79 | + 2.13% |
| SP500 | S&P 500 | 3197.52 | +42.30 | + 1.34% |
| I: COMP | NASDAQ COMPOSITE INDEX | 10488.577408 | +97.73 | + 0.94% |
The earnings reporting season began with three of the nation’s largest banks painting a mixed picture of just how serious the coronavirus pandemic is that is sweeping their businesses.
Like the overall market, financial stocks fluctuated between profit and loss for much of the day before rising higher in the afternoon. JPMorgan Chase, Wells Fargo and Citigroup said they collectively set aside about $ 27 billion during the second quarter to cover loans that could be in bad shape due to the recession.
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Benchmark US crude oil rose 43 cents to $ 40.70 a barrel in e-commerce on the New York Mercantile Exchange. He earned 19 cents to settle at $ 40.29 a barrel on Tuesday. Brent oil, the international standard, gained 41 cents at $ 43.31 per barrel. It rose 18 cents to $ 42.90 a barrel in London.
Associated Press contributed to this article.
