Finance & Investing

Adulehm Prescriptions | June 18 | Eagle Nest

Friday, June 18, Market Recap

Good Evening,

The DJIA fell 1.58%

The S&P 500 was down 1.37%

The Nasdaq Composite added 0.92%

Tech led the market today.

General Market Review

Banking

Rates slipped today, but the Fed viewing inflation as transitory has been supported by the bond market. Banking stocks were lower today with Citigroup and Goldman Sachs down 1.79% and 3.52%, respectively.

Pharmaceuticals

Biogen added 1.28% after the stock was upgraded to overweight due to the likelihood of doctors beginning to prescribe Adulehm, the company’s new Alzheimer’s drug.

Energy

Oil is up for the fourth week in a row due to investor boosts on demand and inflation. Even though global oil demand is higher, gasoline demand in the US will likely need more time to accelerate.

Source of Article:
Click Here for More of these Posts

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *