Dow Jones Today: S&P 500, Nasdaq Inch Higher to Extend Rally as Nvidia Shares Continue Rising

Moderna Sinks on Plans to Cut R&D Spending

47 minutes ago

Moderna (MRNA) shares plunged Thursday morning after the COVID vaccine maker announced plans to trim its research and development pipeline to cut costs.

The company said it will focus on getting FDA approval for 10 products to treat RSV and cancer, along with a combination COVID and flu vaccine.

Moderna said it expects the moves to lower expenses by $1.1 billion by 2027.

Dow Jones Today: S&P 500, Nasdaq Inch Higher to Extend Rally as Nvidia Shares Continue Rising

The stock was down 18% in recent trading and has lost about a third of its value since the start of the year.

Aaron McDade

Watch These First Solar Levels After Post-Debate Surge

2 hr 42 min ago

First Solar (FSLR) shares were down slightly in premarket trading Thursday after soaring 15% on Wednesday, leading a broader rally for clean energy stocks, amid investor optimism about the sector in the wake of the previous night’s presidential debate.

Wednesday’s jump from a saucer pattern's neckline occurred on the highest share turnover since late June and saw the price close above the closely-watched 50-day moving average, indicating conviction behind the buying.

Investors should watch important overhead price levels at $235, $265, and $300, while monitoring key support around $215 during retracements

Read the full technical analysis piece here.

Timothy Smith

Major Indexes Slightly Higher Ahead of Data Releases

3 hr 48 min ago

Futures tied to the Dow Jones Industrial Average were up 0.2%.

Dow Jones Today: S&P 500, Nasdaq Inch Higher to Extend Rally as Nvidia Shares Continue Rising

S&P 500 futures were up 0.1%.

Dow Jones Today: S&P 500, Nasdaq Inch Higher to Extend Rally as Nvidia Shares Continue Rising

Nasdaq 100 futures were also up 0.1%.

Dow Jones Today: S&P 500, Nasdaq Inch Higher to Extend Rally as Nvidia Shares Continue Rising

Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

  • Related Posts

    Dow Jones Today: S&P 500, Dow Rise as Stock Market Stabilizes After Selloff

    United Soars on Strong Earnings, Stock Buyback News 1 hr 11 min ago United Airlines (UAL) shares soared after the carrier unveiled plans for a $1.5 billion share buyback, its first…

    Dow Jones Today: Major Indexes Slide as Nvidia Leads Chip Stock Selloff

    Walgreens Soars After Earnings, Store-Closing Plans 54 minutes ago Walgreens Boots Alliance (WBA) said Tuesday that it is shutting around 1,200 stores over the next three years, as the drugstore chain…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Oil could fall to $25 per barrel by 2050 if net zero emissions goals met, IEA says

    • By admin
    • October 16, 2024
    • 2 views
    Oil could fall to $25 per barrel by 2050 if net zero emissions goals met, IEA says

    Bank of America CEO Brian Moynihan says U.S. economy is the envy of the world—but could lose its power due to national debt

    • By admin
    • October 16, 2024
    • 1 views
    Bank of America CEO Brian Moynihan says U.S. economy is the envy of the world—but could lose its power due to national debt

    Dow Jones Today: S&P 500, Dow Rise as Stock Market Stabilizes After Selloff

    • By admin
    • October 16, 2024
    • 5 views
    Dow Jones Today: S&P 500, Dow Rise as Stock Market Stabilizes After Selloff

    IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans

    • By admin
    • October 16, 2024
    • 3 views
    IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans

    Investment banking surge at Morgan Stanley solidifies Wall Street revival

    • By admin
    • October 16, 2024
    • 4 views
    Investment banking surge at Morgan Stanley solidifies Wall Street revival

    Gold Nears Fresh Record With Focus on US Election and Fed Rates

    • By admin
    • October 16, 2024
    • 4 views
    Gold Nears Fresh Record With Focus on US Election and Fed Rates