Sopa Images | Lightrocket | Getty Images Shares of Gilead fell more than 9% on Monday after a key drug from the company did not significantly extend the lives of patients with a certain lung cancer in a late-stage trial. The results are a blow to Gilead, which is working to become a power player … Read more
The first week of 2024 is officially in the books – and with it, the end of a nine-week winning streak on Wall Street. The S & P 500 dropped about 1.5% during the holiday-shortened trading week. The Nasdaq was the worst performer this week, losing more than 3% as the Magnificent Seven stocks and … Read more
10 things to watch Friday, Dec. 22 Wall Street indicated for a mixed open Friday as the November personal consumption expenditures (PCE) price index comes in cooler than expected, which is a positive sign in the Fed’s winning battle against inflation. Down 0.1% vs. flat expected – wow first time down since April 2020. 2.6% … Read more