Pharma Stock Flying High After Earnings

Oil prices are extending their rally as rumors of a production cut circulate

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Midday Market Check
 
 

4/24/2020

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Stocks Pivot Lower, Weekly Losses Loom

By Jake Scott

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The Dow Jones Industrial Average (DJI) is lower at midday, having pared away triple-digit gains from the morning. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) have also traded on both sides of the aisle today, while all three benchmarks cruise toward sizable weekly losses. Oil prices are so far clinging to gains though, with June-dated crude futures last seen up 3.2% at $17.05 per barrel. Elsewhere, the coronavirus death toll continues to climb in the U.S; Johns Hopkins University reports that fatalities have now surpassed 50,000, the most of any country in the world.

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

  • This French pharma stock has benefited from the COVID-19 crisis. 
  • Continental Resources stock fell after ceasing shale production. 
  • Plus, Pluristem options traders eye top; Chesapeake Energy unveils shareholder rights plan; and Wayfair stock stays hot after bull note.
>> Continue reading...
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Sanofi cited a strong demand for pain and fever medications during its first quarter
>> Dow Futures, Oil Push Higher
Oil prices appear ready to rally for the third-straight day
>> Jobs Data, Treatment Buzz Keep Stock Gains in Check
Gold, oil both rose for second straight session
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