After dropping yesterday, Wells Fargo (WFC) stock is up nearly 2.5% in the pre-market. Yesterday’s fall is attributed to the unexpected $2.4 billion loss reported in the second quarter.
Comcast (CMCSA) stock has increased 1.6% on the news about the launch of the Peacock streaming service from NBCUniversal that is promising over 13,000 hours of content.
Moderna (MRNA) stock is up over 18% in the pre-market after adding 4.54% yesterday. The spike is attributed to the announcement that the coronavirus vaccine trial demonstrated a robust immune response.
Citigroup released its Q2 2020 earnings on Tuesday showing better-than-expected figures, C stock is moving higher in the pre-market, despite a 4% drop yesterday.
JPMorgan’s corporate and investment banking businesses did pretty well during the pandemic period which helped the Wall Street giant to offset the losses of its consumer retail and commercial business. JPM stock price is rising.
SiriusXM has revealed its $325 million acquisition of Stitcher. Though SIRI stock fell in response, today its price is increasing.
Wall Street analysts have expressed their fears on the fast rise of Tesla (TSLA) stock but the company’s growth strategy may help sustain the growth.
BioNTech (BNTX) stock price is moving higher. The surge follows news on Monday that BioNTech and Pfizer received the “fast track” designation status from the Food and Drug Administration for two of their experimental coronavirus vaccines.
GoHealth has announced its IPO for Wednesday and has set a price range of $18 to $20 per share. The company wants to list its Class A common stock on the Nasdaq with the ticker symbol “GOCO”.
Moderna (MRNA) stock rose 15% yesterday and today in the pre-market it is 5% up. It has become known that starting from July, 20 Moderna will be included in the Nasdaq 100 index.
Ford (F) stock was is up over 2% in the pre-market. The spike is attributed to the new Bronco family for under $30,000 that can be a huge competitor to Jeep in 4 x 4 off-road expenditure.
Amazon plans to roll out smart shopping carts by the end of the year, an innovation that is on track to stir growth. Meanwhile, AMZN stock hit a new high but closed with a 3% loss yesterday.
Tesla (TSLA) stock managed to hit its new all-time high above $1750 on Monday, July 13, reaching a new milestone of $300 billion market cap. However, it closed with a loss of 3%, at $1,497.06.
The Wall Street rally seems to have come to its end as most defining stocks closed lower amidst increasing COVID-19 cases.
This week, the S&P 500 companies are expected to announce their Q2 2020 earnings. Things will be slightly different from their usual state considering the current situation.