Nasdaq leads inventory drop, Pfizer and CVS dollar sale – fr

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Nasdaq leads inventory drop, Pfizer and CVS dollar sale – fr


US stocks slipped early in the session as investors digested a new batch of corporate earnings.

The Nasdaq Composite accelerated declines by more than 1%, led by Tesla and AMD.

Teleprinter security Last Changer Changer %
I: COMP INDEX COMPOSITE NASDAQ 13713.851307 -181,27 -1,30%
TSLA TESLA, INC. 677,99 -6,92 -1,01%
AMD ADVANCED MICRO DEVICES, INC. 77,89 -0,66 -0,84%

While the Dow Jones Industrial Average and S&P 500 also fell 0.25% and 0.53%, respectively.

Teleprinter security Last Changer Changer %
IS: DJI MEDIUM DOW JONES 34001,11 -112,12 -0,33%
SP500 S&P 500 4164,74 -27,92 -0,67%

On earnings, Pfizer and CVS boosted the financial outlook as demand for COVID-19 related items fueled earnings and actions to the upside.

“We delivered strong first quarter results and improved our outlook for the year,” said Karen S. Lynch, President and CEO of CVS Health. “We continue to implement our strategy while simultaneously managing a pandemic, helping the country on the road to recovery.

BIDEN TALKS ABOUT TAXES ON AMERICANS WINNING LESS THAN $ 400,000

Moderna is also at the center of concerns after announcing plans to strengthen its manufacturing facility in Massachusetts. “Our manufacturing facility has been at the heart of our long-term strategy and has enabled us to provide the scale and flexibility to support the development of our mRNA drugs and vaccines, including our COVID-19 vaccine” , said CEO Stéphane Bancel in a press release.

Teleprinter security Last Changer Changer %
PFE PFIZER INC. 39,63 -0,17 -0,44%
CVS CVS HEALTH CORP. 79,39 +1,74 + 2,24%

Marathon Oil shares also fell after the company announced it had reduced its debt by $ 500 million.

Teleprinter security Last Changer Changer %
MRO MARATHON OIL 11,19 +0.04 + 0,31%

After the close, investors will get results from Lyft, Xilinx and Zillow to name a few.

Teleprinter security Last Changer Changer %
ELEVATOR LYFT INC. 54,78 -2,30 -4,02%
XLNX XILINX, INC. 122,39 -1,16 -0,94%
WITH GROUPE ZILLOW INC 120,38 -5,33 -4,24%

In commodities, oil continued its ascent, touching the level of $ 65 per barrel, while gold was slightly lower at $ 1,782 per ounce.

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