Drug Stock Soars on FDA Nod

The Santa Claus rally could take a breather today

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12/30/2019

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Stock Futures Churn Near Record Highs

By Patrick Martin

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After a Christmas week full of records on Wall Street, Dow Jones Industrial Average (DJI) futures are much quieter this morning, holding modestly above fair value. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are signaling slightly lower opens, with volume likely to be low heading into the New Year's holiday. As far as economic data, the U.S. trade deficit in goods fell 5.4% to $63.2 billion in November.

Continue reading for more on today's market, including: 

  • Breaking down Tesla's big week
  • An FDA nod sent this drug stock soaring. 
  • Plus, Tesla rival scores quarterly win; Goodyear nabs a "buy" rating; and AstraZeneca gets an FDA nod.  
>> Continue reading...
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