Finance & Investing

Moderna joins SPX | July 16 | Eagle Nest

Friday, July 16, Market Recap

Good Evening,

Today, July 16…

The DJIA fell 0.86%

The S&P 500 was down 0.75%

The Nasdaq Composite slipped 0.80%

Energy led the market today.

General Market Review

Energy

Oil prices fell on fears that OPEC+ will hike production after Saudi Arabia and the United Arab Emirates agrees on a deal. Chevron fell 2.65% today.

Tech

As Covid infections increase due to the Delta variant, many tech stocks were lower. The CDC reports that in 7 days, average daily deaths increased by 26%. Apple fell 1.41%. Netflix was down 2.33% ahead of earnings next week.

Pharmaceuticals

Moderna jumped 10.30% as the company will be included in the S&P 500 starting July 21st.

BioNTech added 4.70% after the FDA gave the company priority review for their mRNA Covid vaccine for people 16+ years.

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