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June 28, 2021, 4:42 p.m. EDT

S&P 500, Nasdaq Composite book closing records, but Dow loses ground

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By Mark DeCambre and Joy Wiltermuth

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On the health front, a study found that COVID vaccines developed by Pfizer /zigman2/quotes/202877789/composite PFE +1.69% with German partner BioNTech /zigman2/quotes/214419716/composite BNTX +2.50% and Moderna /zigman2/quotes/205619834/composite MRNA -0.18% using mRNA may offer protection against the illness for years. About 46.1% of the U.S. population now has been fully vaccinated, according to  the latest data from the Centers of Disease Control and Prevention .

However, Hong Kong said Monday it will ban U.K. passenger flights this week to curb the virus. And in Australia, officials are battling to contain several COVID-19 clusters around the country, in what some experts have described as the nation’s most dangerous stage of the pandemic.

The World Health Organization on Friday urged fully vaccinated people to continue to wear masks to combat the delta variant of the COVID-19 strain.

On the housing front, the Consumer Financial Protection Bureau on Monday rolled out new rules on foreclosures, starting in late August, that will give borrowers more time to become current on past-due mortgages and more options, including loan modifications and other remedies, to avoid foreclosures. “An unchecked wave of foreclosures would drain billions of dollars in wealth from the Black and Hispanic communities hardest hit by the pandemic,” the consumer watchdog said.

Investors heard more from Fed officials. Eric Rosengren, the president of the Boston Fed, expressed concern over the housing market in an interview  with the Financial Times , as data show house prices soaring.

In cryptos, Fed Vice Chair for Supervision Randal Quarles said a central-bank digital dollar could pose considerable risk to the financial system.

Which companies were in focus?

  • Facebook Inc. /zigman2/quotes/205064656/composite FB +0.23% shares closed up 4.2%, soaring to a market cap above $1 trillion for the first time ever, after a federal court dismissed the Federal Trade Commission’s antitrust lawsuit against the company, which would have split up the social-networking giant.

  • Bed Bath & Beyond   /zigman2/quotes/209801102/composite BBBY -1.52% shares rose 6% after the company detailed its enhanced paid parental leave plan, up to eight weeks leave to parents after the birth, adoption or fostering of a new child.

  • Carnival Corp /zigman2/quotes/202325446/composite CCL +0.45%  shares were 7% lower after the cruise line said Monday morning that it may sell up to $500 million in stock from time to time as part of an at-the-money equity offering program.

  • Intellia Therapeutics Inc. stock /zigman2/quotes/207821052/composite NTLA -2.67% popped 50% Monday as excitement builds over its pipeline of treatments that apply the  gene-editing technology known as Crispr-Cas9

  • Chinese ride-sharing company DiDi Global Inc.   DIDI,  set terms for its much anticipated initial public offering on Monday, with plans to offer 288 million American Depositary Shares priced at $13 to $14 each.

  • Cybersecurity company SentinelOne   S set terms for its initial public offering on Monday with plans to offer 32 million shares , priced at $31 to $32 each. 

  • Shares of U.K. luxury goods group Burberry   /zigman2/quotes/203108786/delayed BURBY +2.37% slumped 8.2% after Marco Gobbetti said he would be leaving the company at the end of the year to take the same role at leather goods maker Salvatore Ferragamo /zigman2/quotes/204256900/delayed IT:SFER -0.03% in his native Italy. Burberry said it has begun a search for his successor.

  • Virgin Galactic Holdings /zigman2/quotes/208333884/composite SPCE +1.56% gave back some of Friday’s sharp advance, which came after the Federal Aviation Administration granted approval to the company to fly customers into space . Shares fell 1.9% Monday.

How did other assets fare?

  • The yield on the 10-year Treasury note  TMUBMUSD10Y  retreated by 5.7 basis points to 1.478%. Yields and bond prices move in opposite directions.

  • The ICE U.S. Dollar Index  DXY , a measure of the currency against a basket of six major rivals, rose 0.1%.

  • Oil futures retreated, with the U.S. crude benchmark  CL00  settling 1.5% lower at $72.91 a barrel. Gold futures  GC00  closed higher, up 0.2% to settle at $1,780.70 an ounce.

  • In European equities, the pan-Continental Stoxx 600  SXXP  closed 0.6% lower. London’s FTSE 100 declined 0.9%.

  • In Asia, the Shanghai Composite  SHCOMP , Japan’s Nikkei 225  NIK  and Hong Kong’s Hang Seng Index  HSI  all ended marginally lower.

/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 42.80
+0.71 +1.69%
Volume: 22.79M
Oct. 20, 2021 4:02p
P/E Ratio
18.33
Dividend Yield
3.64%
Market Cap
$235.99 billion
Rev. per Employee
$533,860
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/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 269.42
+6.57 +2.50%
Volume: 2.03M
Oct. 20, 2021 4:00p
P/E Ratio
14.14
Dividend Yield
N/A
Market Cap
$63.75 billion
Rev. per Employee
$283,276
loading...
/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 333.01
-0.60 -0.18%
Volume: 4.98M
Oct. 20, 2021 4:00p
P/E Ratio
41.57
Dividend Yield
N/A
Market Cap
$134.66 billion
Rev. per Employee
$617,996
loading...
/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 340.78
+0.79 +0.23%
Volume: 13.64M
Oct. 20, 2021 4:00p
P/E Ratio
25.24
Dividend Yield
N/A
Market Cap
$958.58 billion
Rev. per Employee
$1.47M
loading...
/zigman2/quotes/209801102/composite
US : U.S.: Nasdaq
$ 14.28
-0.22 -1.52%
Volume: 3.43M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.47 billion
Rev. per Employee
$245,559
loading...
/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 22.44
+0.10 +0.45%
Volume: 27.01M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$25.08 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207821052/composite
US : U.S.: Nasdaq
$ 129.14
-3.54 -2.67%
Volume: 472,340
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.75 billion
Rev. per Employee
$185,878
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/zigman2/quotes/203108786/delayed
US : U.S.: OTC
$ 25.84
+0.60 +2.37%
Volume: 23,495
Oct. 20, 2021 3:54p
P/E Ratio
20.82
Dividend Yield
2.17%
Market Cap
$10.20 billion
Rev. per Employee
$316,494
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/zigman2/quotes/204256900/delayed
IT : Italy: Milan
18.00
-0.0050 -0.03%
Volume: 112.00
Oct. 21, 2021 9:02a
P/E Ratio
65.68
Dividend Yield
0.00%
Market Cap
€3.03 billion
Rev. per Employee
€237,568
loading...
/zigman2/quotes/208333884/composite
US : U.S.: NYSE
$ 20.15
+0.31 +1.56%
Volume: 11.12M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.10 billion
Rev. per Employee
$289.19
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