U.S. Indices Remained Up Trending On Tuesday

The United States’ primary stock indices ended the trading session in positive territory on Tuesday, December 1, with expectations that mass deliveries of the Covid-19 vaccine would commence in the near future. For the emergency use of their coronavirus vaccines in Europe, Moderna (-7.68%) as well as Pfizer (+2.87%) and German BioNTech (-8.23%) have applied for approval from the EU regulator. Pharmaceutical firms have also filed applications with the U.S. Department of Food and Drugs (FDA).


5 Stocks to make up the PERFECT 2021 gold portfolio

Gold bugs are shouting from the rooftops in excitement, but that doesn’t mean you rush out and just buy any gold stock…That’s why we laid out The 2021 Ultimate Gold Portfolio – to dissect the treasure from the trash.

Click here to download your free report right away

Sponsored


The congressional meeting, which included a speech by Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin, was the subject of investors’ attention. This was their first joint appearance after Mnuchin declined to extend the four loan programs that the Fed says are still important during the pandemic to help the economy.

The index of market activity in the manufacturing sector decreased from 59.3 in October to 57.5 points from the last reported statistics in November, although the index value was worse than the consensus estimate of 58.0 points.

The blue-chip Dow Jones Industrial Average grew by 0.63 percent to 29,823.92 points at the end of the day. The broad-market S&P 500 index rose by 1.13 percent to 3,662.45 points, and the high-tech companies’ NASDAQ index increased by 1.28 percent and ended at 12,355.11 points.

At the end of trading on the NYMEX, the price of light crude oil futures for January delivery dropped 0.88 percent to $44.16 per barrel. The price of gold futures for delivery in December decreased by $6.15 to $1812.75 per troy ounce on COMEX. In exchange, the yield on ten-year Treasury bonds was 0.916 percent.

Better than the market, AdaptHealth (AHCO) shares jumped 18.79 percent to $2 billion on the announcement of an agreement to acquire AeroCare Holdings, a respiratory and home medical equipment distribution firm.

Microchip manufacturer Micron Technology (MU) was among the favorites, adding 4.67 percent after the firm increased its quarterly revenue forecast from $5.0-5.5 billion to $5.7-5.75 billion in the first fiscal year.

Meanwhile the market capitalization of UnitedHealth (UNH) increased by 1.44 percent after the health insurance provider strengthened its 2021 financial results outlook. The corporation expects $277-280 billion in sales and $17.75-18.25 per share in adjusted net income.

The Zoom Video Communications (ZM) stock looked worse than the market, which dropped by 15.06 percent after the release of reports and estimates, which while solid, did not equate to the optimism inherent in the company’s current share price.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Melanie Gerald
I am a previous Investment and Commercial Banker with more than 30 years involvement in the field. I have been prompting the two people and institutional customers on high return speculation techniques since 1991. MY goal is to bring financial specialists the most beneficial and freshest high profit thoughts. My exploration intends to expand returns by recognizing underestimated protections in the High Yield space.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Velodyne Lidar Inc. (VLDR): Continues Bringing Light To Investors Everywhere

The laser radar manufacturer, Velodyne Lidar (VLDR), announced that it had received a multi-year contract. Sales of the company are expected to grow significantly...

Private Investors Pumped GameStop (GME) Stock Up

Shares of GameStop Corp (GME) video games grew by 144.8 percent, to $159.18, backed by mid-session trade. In contrast, the company's shares were worth...

Related Articles

Velodyne Lidar Inc. (VLDR): Continues Bringing Light To Investors Everywhere

The laser radar manufacturer, Velodyne Lidar (VLDR), announced that it had received a multi-year contract. Sales of the company are expected to grow significantly...

Private Investors Pumped GameStop (GME) Stock Up

Shares of GameStop Corp (GME) video games grew by 144.8 percent, to $159.18, backed by mid-session trade. In contrast, the company's shares were worth...

DDOG Stock: Datadog Inc (DDOG) Is Still Worth a Bite

Since the start of the year, Datadog Inc. (NASDAQ: DDOG) shares have soared by 150%. Many citations confirm the company's position as one of...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.