4:36 a.m. Aug. 3, 2021
- By Mark Decambre
Dow industrials gain modestly early Tuesday but COVID delta-variant worries keep stock market in check U.S. stock indexes Tuesday rose modestly higher as traders grappled with concerns over how the global economy will withstand COVID-19's delta variant as well as Chinese regulatory actions. The Dow Jones Industrial Average rose 0.3% at 34,924, the S&P 500 index advanced 0.2% at 4,395, while the Nasdaq Composite Index climbed 0.1% to reach 14,702. The market has been buoyed by strong corporate quarterly results but investors are still watching to see if the U.S. central bank will continue to support the economy, helping to spurt further expansion for equities. The Centers for Disease Control and Prevention said Monday the delta variant is "highly contagious" and urged unvaccinated people to get their shots and for employers to require vaccination. "To put this in perspective: if you get sick with the alpha variant, you could infect about two other unvaccinated people," said CDC Director Dr. Rochelle Walensky. "If you get sick with the delta variant, we estimate that you can infect about five other unvaccinated people - more than twice as many as the original strain," she explained.
9:44 a.m. July 27, 2021
- By Myra P. Saefong
Oil futures settle lower, with U.S. prices at lowest in nearly a weekU.S. oil futures as the spread of the coronavirus delta variant raised risks to the demand outlook for energy. "Oil prices appear to be treading water, currently caught between slowing growth concerns and tighter supply," said Michael Hewson, chief market analyst at CMC Markets UK. "The picture isn't being helped by reports the U.S. is tightening restrictions on some countries, while the U.K. is said to be looking at loosening them on the other side of the coin," he said. The to change its policy later Tuesday on face masks in public settings for some parts of the U.S. as infections with the delta variant of the coronavirus spread, according to media reports. West Texas Intermediate crude for September delivery declined by 26 cents, or 0.4%, to settle at $71.65 a barrel on the New York Mercantile Exchange, the lowest front-month finish since July 21, FactSet data show.
2:27 a.m. April 13, 2021
- By Mark DeCambre
Dow futures turn south Tuesday after FDA and CDC call for pause of Johnson & Johnson COVID vaccineFutures for the Dow Jones Industrial Average and the S&P 500 pivoted lower Tuesday morning after said that the U.S. will seek a pause of the Johnson & Johnson vaccine due to blood-clotting issues. "We are recommending a pause in the use of this vaccine out of an abundance of caution," the Food and Drug Administration, said jointly with the Centers for Disease Control and Prevention. The New York Times, citing officials briefed on the decision, said a rare clotting issue has cropped up in six women within about two weeks of vaccination. Futures for the Dow fell 127 points or 0.4% and those for the S&P 500 were trading 0.3% lower at 4,107. Shares of J&J were down 3% in pre-market action on Tuesday. The FDA and the CDC are requesting that the J&J vaccine not be used at federal sites and is urging states to also follow suit.