![]() ![]() "Keep in mind the flu is probably closer to a 50% vaccination rate, so we haircut that pretty significantly for the year. Morgan Monday, Pfizer Chief Financial Officer David Denton said he expects a 24% vaccination rate in the U.S. Speaking at a conference sponsored by J.P. and the U.K.Ĭovid-19 vaccination efforts are getting underway after updated shots received the nod from the Food and Drug Administration, but how many people will be rolling up their sleeves remains a huge question. Moderna's updated Covid vaccines have been approved in both the U.S. Pharmaceutical peer Pfizer said in a press conference Monday that it expects a 24% vaccination rate for Covid-19 shots in the U.S. Co-founder and board chairman Noubar Afeyan sold 15,000 shares for approximately $1.64 million, according to a Securities and Exchange Commission filing. Moderna - The pharmaceutical company lost more than 7% Monday, making it the biggest decliner in the S&P 500.Needham initiated coverage of the chip designer with a hold rating on Friday, saying Arm's valuation looks "full" in a post-smartphone era. Arm Holdings - Shares declined 5.4% on the back of the company's blockbuster Nasdaq debut Thursday, when it surged nearly 25%.The oil services ETF and S&P 500 Energy Index both rose 1%. Oil stocks - Petroleum refiners Valero Energy and Marathon Petroleum gained 1.5% and 1.2%, respectively, as West Texas Intermediate and Brent crude prices reached their highest levels since November, 2022.These are some of the stocks making notable moves midday: The S&P 500 and the Nasdaq both ended the previous trading week down, marking their second straight week of losses. Stellantis and General Motors, the other automakers facing off with the union, each shed more than 1%. Meanwhile, Ford slid more than 2% as the United Auto Workers' strike continued. Goldman Sachs and Morgan Stanley both gave optimistic outlooks for new iPhone demand. "It's a wait-and-see moment to see what kind of forward guidance we're getting from the Fed."Īpple climbed 1.7%. "There are some question marks: Everyone knows that they're going to stay put for this meeting, but then what is their messaging going to be going forward?," said Stephanie Lang, CIO at Homrich Berg. Goldman Sachs' economists said over the weekend that an increase in November would be unlikely. There's less agreement about what the Fed will do in November, with the market expecting an approximately 31% probability of a hike. The central bank will also release its market forecasts on Wednesday. Traders are assigning a 99% chance that the central bank stays put when it releases its rate decision on Wednesday, according to the CME Group's FedWatch tool, which gauges pricing in the fed funds futures market. The Fed's two-day policy meeting begins Tuesday. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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