4 Electric Vehicle Stocks to Buy Now

The Dow erased earlier losses to add 482 points

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Schaeffer's Market Recap
10/01/2021
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Major Indexes Log Daily Wins, Weekly Losses


By: Fernanda Horner

Despite trading deep into the red this afternoon, the Dow erased earlier losses to kick off the month of October with a 482-point lead. Contributing to the blue-chip benchmark's surge was a well-received update from Merck (MRK), which announced its oral antiviral drug reduced Covid-19 deaths or hospitalizations by 50% in moderate and mild cases. Stocks tied to a reopening of the economy popped in response, while vaccine stocks tumbled. Nonetheless, the Dow still logged a loss for the week. Both the S&P 500 and Nasdaq also edged higher, as the 10-year U.S. Treasury yield slipped below 1.50%. However, both indexes logged notable weekly losses.

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