Unpacking NVAX's Vaccine Update

The Nasdaq is firmly in the black thanks to retreating bond yields

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Schaeffer's Midday Market Check
6/14/2021
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Dow Dips Deeper at Midday as Investors Eye Fed Meeting


By: Fernanda Horner

The Dow Jones Industrial Average (DJI) is extending this morning's losses at midday, last seen down 196 points as investors prepare for the results of a key Federal Reserve meeting later this week. Meanwhile, the S&P 500 Index (SPX) is sitting just below breakeven, after it notched a record closing high during Friday's session. The tech-heavy Nasdaq Composite (IXIC) is firmly in the black, however, while Big Tech gets a boost from retreating bond yields. Bitcoin (BTC) is above $40,000 once again, following comments from Tesla's (TSLA) Elon Musk that the company would resume bitcoin transactions pending miner's reasonable clean energy usage.

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

  • What analysts expect for Wall Street freshman, OTLY
  • A major update from Novavax's Covid-19 vaccine candidate. 
  • Plus, CRSR tops meme stock list; pharma firm posts potential HIV breakthrough; and Washington Prime Group files for bankruptcy.
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