NVAX Vaccine Called "Best-in-Class"

The Dow was last seen down over 400 points

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Schaeffer's Midday Market Check
1/29/2021
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Vaccine Data, Speculative Trading Drama Sink Stocks


By: Fernanda Horner

Stocks are falling once again on Friday afternoon after Johnson & Johnson's (JNJ) one-dose Covid-19 vaccine results failed to impress investors. The Dow Jones Industrial Average (DJI) was down roughly 400 points at midday, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) were also suffering considerable losses. Traders are still concerned about ramped up speculative trading activity, with shares of GameStop (GME) surging back up after Robinhood allowed limited buying of heavily shorted stocks -- just a day after drawing criticism for restricting them. Meanwhile, the Securities and Exchange Commission (SEC) announced it would investigate the online brokerage firm's actions to determine whether or not it harmed investors. 

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

  • Analyst says NVAX's Covid-19 vaccine is "best-in-class."
  • Caterpillar stock gets a boost from its Q4 earnings beat.
  • Plus, options bulls target BIIB on FDA extension; ALUS pops after combining with clean energy developer; and golf stock plummets on underwritten public offering.
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