The Dow is sporting an 89-point lead at midday
| 6/10/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | S&P 500 Nabs Intraday Record Despite Disappointing Inflation Data | By: Fernanda Horner | The major indexes are brushing off shaky inflation and jobless data this afternoon, with consumer prices growing at their fastest pace since the summer of 2008, while jobless claims came in above analysts' expectations, though the reading marked another pandemic low. The Dow Jones Industrial Average (DJI) sports an 89-point lead at midday, while the S&P 500 Index (SPX) is slightly above breakeven, after finally notching an intraday high earlier in the session. The Nasdaq Composite (IXIC) is slightly higher as well, regardless of rising bond yields. Continue reading for more on today's market, including: - Moderna looks to expand emergency use of its Covid-19 vaccine to teens.
- Why Goldman Sachs added ServiceNow stock to its "Conviction Buy" list.
- Plus, options bulls blast IVR; Medley Management stock surges on social media buzz; and AEMD plummets on discounted direct offering.
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