As investors digested new company earnings, US stocks fell in early trading.
Driven by Tesla and AMD, the Nasdaq Composite Index fell more than 1%.
|I: COMP||Nasdaq Composite Index||1
|AMD||Advanced Micro Devices Company||77.42||-1.13||-1.44%|
The Dow Jones Industrial Average and S&P 500 also fell 0.25% and 0.53%, respectively.
|Me: DJI||Dow Jones Average||33,947.48||-165.75||-0.49%|
In terms of financial reports, both Pfizer and CVS improved their financial prospects, as the demand for COVID-19-related projects boosted their performance and their share prices rose.
Karen S. Lynch, President and CEO of CVS Health, said: “We have released strong first-quarter results and improved our outlook for this year.” “We continue to execute our strategy while managing through the pandemic to help the country On the road to recovery.
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After announcing plans to expand its manufacturing plant in Massachusetts, Moderna also became the focus. CEO Stéphane Bancel said in a statement: “Our manufacturing facility has always been at the core of our long-term strategy, allowing us to provide scale and flexibility to support our mRNA drugs and vaccines (including our COVID-19 vaccine) Development.”
|PTFE||PFIZER INC.||39.96||+0.16||+ 0.40%|
|CVS||CVS Health Company||80.31||+2.66||+ 3.43%|
After Marathon Oil announced that it had reduced its debt by $500 million, its stock price also fell.
After the market closes, investors will receive income from Lyft, Xilinx and Zillow.
|with||ZILLOW GROUP INC||119.20||-6.50||-5.17%|
In commodities, oil continued to climb, reaching the level of US$65 per barrel, while gold fell slightly to US$1,782 per ounce.