The Vaccine Buzz Boosting One Drug Stock

Tech stocks are leading the charge after a positive reaction to IBM earnings

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Midday Market Check
 
 

1/22/2020

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Dow Up on Big Gains from IBM, Intel

By Karee Venema

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The Dow Jones Industrial Average (DJI) is trading higher today, as traders brush off worries over the coronavirus outbreak, and turn their attention to fourth-quarter earnings season. A positive reaction for big-cap tech name IBM (IBM) is helping boost the Dow, while fellow blue chip Intel (INTC) is hitting new highs ahead of the chipmaker's own turn in the earnings confessional after tomorrow's close. This risk-on trading is being seen in the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), too, which each hit a record intraday high earlier.

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

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LATEST HEADLINES

>> Why This Dow Name is the Perfect Pick for Bulls
UNH has been on a sharp uptrend
>> NPTN Stock Jumps on Bull Note
NPTN was upgraded to "buy" this morning
>> Moderna Confirms Coronavirus Vaccine Development
Calls are tremendously popular today
>> Johnson & Johnson Stock Sinks on Revenue, Weak Forecast
The blue chip has added 15% over the past 12 months
>> EXPR Stock Soars on Store Closure Announcement
Express plans on closing about 100 stores in an effort to cut costs
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