Archives of “October 2020” month

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The US FDA has broadened its investigation into AstraZeneca COVID-19 vaccine candidate

  
  Analysis

The US Food and Drug Administration iw widening the enquiry, seeking more data from clinical trials

  • FDA seeking raw safety data from clinical trials of similar vaccines developed by same scientists
  • The FDA does not necessarily indicate a safety problem associated with any of those vaccines

The market has been acting constructively on positive coronavirus vaccine stories. This is not a positive (in the short term at least) so should impact the opposite on risk.

Reuters have a report with further detail here:
  • AstraZeneca’s large, late-stage U.S. trial has remained on hold since Sept. 6, after a study participant in Britain fell ill 
  • The widened scope of the FDA probe raises the likelihood of additional delays for what has been one of the most advanced COVID-19 vaccine candidates in development. The requested data was expected to arrive this week, after which the FDA would need time to analyze it, two of the sources said.
I covered the main points on this in an earlier post here: The US FDA has broadened its investigation into AstraZeneca COVID-19 vaccine candidate

Major US indices close higher but well off their highs for the day

  
Analysis, US Market

Month results are negative

The month of September is now over and the major indices closed lower for the 1st time since March. Moreover the stocks posted the worst September performance since 2011.

The good news is that the major indices close higher for the 2nd consecutive quarter and they also closed higher for the day (albeit well off the highs for the day.
So what were the final numbers for the day, month, quarter and year to date?
The major indices changes for the month shows:
  • The S&P index up 27.53 points or 0.83% at 3363.00
  • The NASDAQ closed up 82.26 points or 0.74% at 11167.50
  • The Dow closed up 329.04 points or 1.2% at 27781.70
The major indices changes for the month shows:
  • The S&P index fell -3.92%
  • The NASDAQ index fell -5.16%
  • The Dow fell -2.28%
The major indices changes for the quarter shows:
  • The S&P index rose 8.47%
  • THe NASDAQ index rose 11.02%
  • The Dow industrial average rose 7.63%
Finally for the year to date, the numbers are showing:
  • The S&P index is up 4.09%
  • The NASDAQ index is up 24.46%
  • The Dow is still down -2.65%.
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