Today, December 14…
The DJIA rose 1.13%
The S&P 500 rose 1.28%
The Nasdaq Composite was up 1.25%
General Market Recap
The Moderna vaccine was confirmed to be 94.1% effective, according to the FDA, and is expected to have emergency authorization later in the week. Prevail Therapeutics shot up over 80% as Eli Lilly reached a $1 billion deal to acquire Prevail Therapeutics. Utilities led the broader market higher today, with tech trailing. Apple was in the green as it showed strong demand for its newest iPhones after they reported to increase production to 96 million for the beginning half of 2021. Baidu, an internet service and AI company, went up 14% after the company reported it was considering manufacturing its own electric vehicles. Both Airbnb and Door Dash, recent IPO stocks, were both in the red even with all of Wall Streets gains.
Stimulus Update
Recent progress on the stimulus bill with lawmakers revealing their plan to split the $908 billion stimulus bill into two separate bills, was followed by news of a key congressional leader meeting that is planned for today. House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, and House Minority Leader Kevin McCarthy are meeting in hopes of reaching an agreement on the stimulus plan.
Some Earnings Today and Tomorrow
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