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Wall Street close to home heading for weekly lock |lot Financial

The leading Dow-Jones index was 0.2 percent lower at 34,385 points around 7.30 pm (Netherlands time). The broad S&P 500 is down 0.1 percent to 4,236 points after Thursday’s record close. Tech gauge Nasdaq thickens 0.1 percent to 14,029 points.

Among the companies, Vertex Pharmaceuticals was among the losers, with a price loss of more than 8 percent. The pharmaceutical company has stopped developing an investigational drug to treat a rare genetic disease called AAT deficiency. Industry peer Biogen also rose more than 2 percent. The company that received FDA approval for its Alzheimer’s drug earlier this week benefited from advice increases.

In addition, cruise company Royal Caribbean lost 0.1%. Two passengers on board the ship Millenium tested positive for the corona virus. The travelers are now in isolation and the company is in the process of tracing the contacts that the two had.

Trading in so-called “meme stocks” such as GameStop (plus 1.6 percent), AMC Entertainment (plus 3.3 percent) and Clover Health (down 6.1 percent) remained volatile. Through internet forums such as Reddit, investors encourage each other to buy up certain securities en masse, as a result of which professional investors who speculate on a fall in price, so-called shortsellers, are saddled with significant losses.

Airline American Airlines won 0.5 percent. The company is investing $25 million in flying taxi startup Vertical Aerospace.

Wall Street close to home heading for weekly lock |lot Financial
Source link Wall Street close to home heading for weekly lock |lot Financial

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