Posted on 08/24/2020 10:29:55 AM PDT by SeekAndFind
Stocks rose Monday, with the S&P 500 and Nasdaq hitting fresh intraday highs and adding to last week’s record levels, as market participants reacted to positive developments over a coronavirus treatment, and signs that a vaccine might be authorized in the near-term.
Travel, airline and other “reopening” stocks rallied, with shares of American Airlines (AAL), Norwegian Cruise Line Holdings (NCLH), Wynn Resorts (WYNN) and their peers each jumping. Apple (AAPL) shares advanced to their highest intraday level ever ahead of the stock’s four-for-one stock split.
The U.S. Food and Drug Administration (FDA) on Sunday said it issued an emergency use authorization for investigational convalescent plasma to treat Covid-19 in hospitalized patients. While the treatment has not yet undergone full clinical trials, the FDA said that it deemed that the data so far suggest “product may be effective in treating Covid-19 and that the known and potential benefits of the product outweigh the known and potential risks of the product.”
President Donald Trump, speaking in a press conference, called the approval a “very historic breakthrough,” and said the treatment reduced mortality by 35%, based on a study of patients by the Mayo Clinic.
Meanwhile, the Trump administration is also reportedly considering fast-tracking a U.K. coronavirus vaccine candidate by bypassing typical U.S. regulatory standards, the Financial Times reported over the weekend. One of the options reportedly mulled would involve issuing the vaccine candidate being developed by AstraZenaca and Oxford University emergency use authorization. A spokesperson for the U.S. Health and Human Services department, however, also told the Financial Times that it was “absolutely false” that an emergency use authorization would be issued before the US presidential election.
(Excerpt) Read more at finance.yahoo.com ...
Simple solution to the pandemic,,,,Make HCQ and Azithromycin OTC drugs so anyone who develops a cough and/or fever can go the nearest drug store and self medicate with the drugs along with Zinc Sulfate with correct dosage within 48 hours of symptoms and pandemic over.,,,,,instead of waiting a few days to get tested and 5 days for the results,,,,if over 60 years of age,,,,you’re dead.
yeah....rising because Trump took to Twitter this weekend and kicked the FDA in the ass.
Yahoo is scared
With the survival rate of “CORONA” close to 100% without a vaccine. What exactly will the purpose of the new vaccine be?
Only makes sense to get the vaccine if you’re 70 years old or older.
I’m sure the millions of unemployed and tens of thousands of people waiting on line at food banks will be glad to hear this.
“I’m sure the millions of unemployed and tens of thousands of people waiting on line at food banks will be glad to hear this.”
They should be. First, certainly some of those unemployed still have retirement savings if only from their previous jobs.
Next, as the wealth of individual Americans increase their willingness to purchase things and utilize services increases, which results in jobs.
So....yeah.
If I tug my tin foil hat down real hard, I get the sense that the uber rich enemies of Trump are A-OK with the market going up as much as possible so that if/when a crisis happens regarding the election that the crash will look even more spectacular.
The Dow closed on March 23rd at 18,591 for its lowest point since November 2016. In the five months since March 23rd it has recovered almost 10,000 points to close at 28,308 today.
Weird, such a quick recovery! Back around 2008, I lost a third of my money (on paper), and in the years since recovered it and more. This time, the recovery was 5 months.
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