$MRNA
Moderna Inc
PRICE
$104.19 βΌ-0.067%
Extented Hours
VOLUME
3,296,647
DAY RANGE
99.3301 - 104.8163
52 WEEK
95.02 - 217.25
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By Bansari Mayur Kamdar and Johann M Cherian (Reuters) - Wall Street's main indexes slipped on Wednesday as investors awaited minutes of the Federal Reserve's June meeting for clues on the central bank's monetary policy path, while Sino-U.S. tensions and weak economic data from Beijing dented sentiment. Investors are focused on the Fed minutes, expected to be released around 2 p.m. ET, as they resume trading after the July 4 Independence Day holiday. Bets for a 25-basis-point rate hike in July stood at 83%, while traders have priced in a 32% chance the U.S. central bank would deliver another hike by October, according to Refinitiv data. [IRPR] "There is going to be a little bit of dissension among the ranks and the overall tone will be let's see how this plays out," said Robert Pavlik, senior portfolio manager at Dakota Wealth. "Stocks have accounted for another 25 basis point rate hike when the Fed meets later this month, but a lot of people are divided on whether or not there's going to be another rate hike (after July)." Nine of the 11 major S&P 500 sectors fell in early trading with material shares leading declines, down 1.7%, while financials lost 0.9%. Traders also await U.S. factory orders data, due at 10 a.m. ET, to gauge the impact of higher rates on the economy after a survey showed on Monday manufacturing slumped in June. More economic data, including the non-farm payrolls report on Friday, is scheduled for release later this week. Chip stocks such as Nvidia (NASDAQ:NVDA) and Micron Technology (NASDAQ:MU) fell 0.7% and 1.0%, respectively, after China said it would control exports of some metals widely used in the semiconductor industry as tensions between Beijing and Washington rise over access to high-tech microchips. The Philadelphia SE Semiconductor Index lost 0.9%. Shares of Wolfspeed gained 12.8% after the company signed a 10-year silicon carbide wafer supply agreement with Renesas Electronics Corp. U.S. main indexes kicked off the third quarter with slim gains in a holiday-shortened session on Monday, led by Tesla (NASDAQ:TSLA) after the electric-vehicle company posted record second-quarter deliveries. At 9:48 a.m. ET, the Dow Jones Industrial Average was down 147.62 points, or 0.43%, at 34,270.85, the S&P 500 was down 11.10 points, or 0.25%, at 4,444.49, and the Nasdaq Composite was down 6.07 points, or 0.04%, at 13,810.71. China's June services activity expanded at the slowest pace in five months, raising concerns about global economic recovery, a private-sector survey showed. Among other movers, Netflix (NASDAQ:NFLX) gained 1.8% as Goldman Sachs (NYSE:GS) raised its rating and price target. United Parcel Service (NYSE:UPS) slid 2.1% after the Teamsters Union and the postal service operator accused each other of walking away from negotiations. Moderna (NASDAQ:MRNA) rose 4.4% after the drugmaker signed an agreement to work towards opportunities to research, develop and manufacture mRNA medicines in China. Declining issues outnumbered advancers by a 3.73-to-1 ratio on the NYSE and a 2.24-to-1 ratio on the Nasdaq. The S&P index recorded 6 new 52-week highs and one new low, while the Nasdaq recorded 23 new highs and 21 new lows.
46 Replies 13 π 14 π₯
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Top Earnings Th 5/4 Pre: $ABUS $ACIW $AEP $AGIO $ALCO $ALNY $AMTX $AOMR $APG $APRN $APTV $ARGX $ARHS $ARNC $ARW $ATI $AUPH $BALL $BCE $BDX $BERY $BHC $BKI $BKTI $BLD $BPMC $BRKR $BSIG $BUD $BV $BVH $BWA $CAH $CARS $CCLD $CCLP $CCOI $CCRD $CEG $CG $CGNX $CIM $CLDT (1/5) Top Earnings Th 5/4 Pre: $CMRX $CNQ $COMM $COP $CRAI $CWEN $DCO $DDOG $DGII $DINO $DLX $DNB $DNOW $DOC $DSGR $DTC $DXYN $ECVT $ENOV $EQNR $ESMT $EVA $FOCS $FOUR $FTDR $FUN $GCI $GECC $GEL $GHI $GLT $GOLF $GPP $GPRE $GTES $H $HAYW $HEP $HII $IBP $ICE $IDA (2/5) Top Earnings Th 5/4 Pre: $IDCC $IMOS $IMXI $INFU $INSM $IRM $IRMD $IRWD $ITCI $ITRI $ITT $JLL $K $KPTI $KRTX $KTB $KYMR $LAMR $LANC $LAUR $LEE $LNTH $LQDA $LQDT $MAC $MCS $MDU $MFA $MGPI $MLM $MMP $MNTX $MODV $MPLN $MRNA $MSGS $MT $MTSI $MYE $NFE $NJR $NRG (3/5) Top Earnings Th 5/4 Pre: $NRP $NS $NTCT $NTLA $NVCR $NVO $NWN $NXE $OCN $OCSL $OGE $OGN $ONEW $OPCH $OWL $PACK $PARA $PARAA $PAX $PBH $PCG $PENN $PH $PLNT $PLTK $PLX $PLYM $PNW $PPL $PRMW $PRVA $PTLO $PTON $PWP $PWR $PZZA $RACE $RCL $RCM $REGN $RITM $SABR $SBH (4/5) Top Earnings Th 5/4 Pre: $SCU $SELB $SHAK $SHEL $SPH $SRE $SSRM $STVN $STWD $SUP $SWK $SXC $TCPC $TELNY $TFX $TGLS $THRY $TIXT $TRGP $TTSH $TU $UNIT $UPBD $VEON $VIA $VITL $VMC $VNT $W $WBX $WCC $WD $WLK $WLKP $WOW $WRK $WRLD $XFOR $XPO $XPRO $XTNT $XYL $ZTS (5/5)
109 Replies 8 π 11 π₯
@trademaster #TradeHouses
By Liz Moyer Investing.com -- U.S. stocks were falling on Friday after comments from Federal Reserve officials renewed fears about interest rates. At 9:48 ET (14:48 GMT), the Dow Jones Industrial Average was down 124 points or 0.4%, while the S&P 500 was down 0.8% and the NASDAQ Composite was down 1.2%. Hotter-than-expected producer prices on Thursday prompted fears that the Fed would keep its monetary restrictive for the rest of the year. And St. Louis Fed President James Bullard said he wouldn't rule out supporting a half-percentage point rate increase at the March meeting. Many market watchers have been betting on a quarter of a percentage point increase. Bullard said Thursday he supported the idea of a half-point hike in February to bring the benchmark rate above 5% as soon as possible. Cleveland Fed President Loretta Mester also said she saw a strong case for a bigger increase. Richmond Fed President Thomas Barkin and Fed Gov. Michelle Bowman are scheduled to speak today. Stocks have gyrated this week after the economic data pointing to inflation as well as a tight labor market. Shares of Moderna (NASDAQ:MRNA) fell 6.1% after its experimental mRNA flu vaccine wasn't as effective as an approved vaccine against influenza B. DraftKings (NASDAQ:DKNG) shares jumped 17.1% after the gambling company reported a smaller-than-expected loss in the quarter and raised its outlook for 2023, benefiting as more states legalize sports betting. Deere & Company (NYSE:DE) shares rose 5% after it raised guidance as farmers continue to buy new agriculture equipment. Oil fell. Crude Oil WTI Futures was down 3.9% to $75.44 a barrel, while Brent Oil Futures was down 3.5% to $82.15 a barrel. Gold Futures was down 1% to $1840.
138 Replies 12 π 6 π₯
Key Metrics
Market Cap
39.23 B
Beta
0
Avg. Volume
3.68 M
Shares Outstanding
380.59 M
Yield
0%
Public Float
0
Next Earnings Date
2023-11-02
Next Dividend Date
Company Information
moderna is pioneering messenger rna therapeuticsβ’, an entirely new in vivo drug modality that produces human proteins or antibodies inside patient cells, which are in turn active intracellularly or secreted. this breakthrough platform addresses currently undruggable targets, and offers a superior alternative to existing drug modalities for a wide range of disease conditions. moderna has developed a broad intellectual property estate including more than 200 patent applications with more than 10,000 claims ranging from novel nucleotide chemistries to specific drug compositions. the company plans to develop and commercialize its innovative mrna drugsβinitially for rare diseases and oncologyβwhile partnering drug candidates in other therapeutics areas in order to rapidly deliver this innovation to patients. based in cambridge, massachusetts, moderna is privately held and was founded in 2010 by flagship venturelabs in association with leading scientists from boston childrenβs hospital a
CEO: Stephane Bancel
Website: https://www.modernatx.com/
HQ: 200 Technology Sq Cambridge, 02139-3578 Massachusetts
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