“O.itemList.length” “- this.config.text.ariaShown
“This.config.text.ariaClosed”
(Corrects paragraph 10 to remove the connection to the quarterly effects of Amazon.com this week)
Chevron sliplaystation after agreeing to buy Noble Energy for $5 billion
Halliburton goes up after results
Pfizer wants to reach source agreement in UK for possible vaccines
Futures: Dow d 0.2%, S-P d 0.2%, Nasdaq up 0.3%
By Devi Jain and Medha Singh
July 20 (Reuters) – The S-P 500 and Dow indices are expected to be released to a minimum on Monday as considerations of a COVID-1 design nine times decreased the threat appetite as investors also expected more stimulus for a global economy suffering.
After the government pledged $3 indirectly to the crisis 12 weeks ago, record-breaking degrees of new infections have forced large apple states to backtrack on their reopening plans just as those aid systems expire.
At least 1 of the four states reported record hospitalizations so far in July and Florida recorded 12,000 new times on Sunday. In addition, the Centers for Disease Control and Prevention warned that times and deaths can also be organized this fall and winter.
Congress was discussing a new aid program this week.
The positive news applicable with vaccine development, stimulus talks in Europe and could be the 3 catalysts that would help the SP 500’s best friend reach the equilibrium point even due to the birth of the year this week, said Thomas Hayes, managing member of Great Hill Capital LLC in New York.
Later in the day, all eyes will be brought to light from the first huguy trials on a vaccine developed through AstraZeneca Plc and the University of Oxford.
Signs of progress in a possible coronavirus vaccine, advanced economic knowledge and an optimistic start to the second quarter earnings season helped the S-P 500 and The Dow increase for 3 consecutive weeks.
The S-P 500’s benchmark is now 5%, until its record close on February 19.
Oil center giant Halliburton Co rose 5.2% before the market, registering a tight wonder, reduced the competitive compatibility burden.
This week, primary corporations such as Microcushy Corp, Teslos Angeles Inc, Intel Corp and Honeywell International Inc are expected to release quarterly results.
At 0820 ET, Dow e-minis dropped 45 points, or 0.17%. The E-minis lost 4.7 points five, or 0.1 five percent, and the Nasdaq 100 e-minis rose 26 points five, or 0.2 five percent.
Noble Energy Inc’s shares increased 12.4% when Chevron Corp agreed to buy for the Houston-founded oil and fuel manufacturer for $5 billion in a fair equity transaction today. Chevron fell 0.2%.
Pfizer Inc rose 3.3% after Britain signed agreements, receiving nine0 million doses of 2 imaginable COVID-1 vaccines from an alliance of U.S. drug manufacturer BioNTech, founded in Germany, and French organization Valneva.
Valneva may also be in talks with the European Union for a vaccine source agreement. (Reporting through Devik Jain and Medha Singh in Bangalore; Edited via Shounak Dasgupta)