FDA Decision Crushes Drug Stock

A number of stocks are moving on FDA updates today, as well

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MIDDAY MARKET CHECK     5/01/2019
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Tech Strength Sends Dow, Nasdaq Higher By Josh Selway Share On Stocks are mostly higher today thanks to strong corporate earnings and jobs data. Apple's (AAPL) big earnings beat is the main story, pushing the Dow Jones Industrial Average (DJI) to a solid lead at the halfway point. Meanwhile, ADP data revealed a sharp increase in private payrolls for April, a noteworthy update ahead of Friday's jobs report out of the Labor Department and today's Fed decision. Against this backdrop, the Nasdaq Composite (IXIC) is following the Dow higher on broader strength out of the tech sector, while the S&P 500 Index (SPX) is closer to breakeven. Continue reading for more on today's market, including:  Heron Therapeutics is spiraling lower on an FDA rejection.   Technical data could signal a turning point for one specialty retailer. Plus, ambitious bullish betting on drilling stocks; Nu Skin's huge move; and a speculative healthcare name gets whacked. >> Continue reading...
LATEST HEADLINES
>> 2 Red-Hot Blue-Chips Flashing "Buy" Signals Both Dow names sport attractively priced options, too >> Analysts Rush to Raise AMD Price Targets After Earnings AMD reported first-quarter profit and revenue beats >> Lumber Liquidators Set to Close Above Key Trendline for First Time in a Year LL recently turned face in mid-March >> FDA Dismissal Slams Pharma Stock The FDA declined to approve the drugmaker's new antibiotic >> FDA Rejection Sends Heron Therapeutics Stock to Nasdaq Cellar Most analysts remain bullish on the drug stock, though ADVERTISEMENT Retire Rich on One Stock! Virginia stock-picking millionaire says, Forget diversification! Buy one single $3 stock - that trades under a secret name - and you could retire rich. Click here for the story behind the No. 1 pot stock in America.
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