U.S. Stocks Drop on Virus Uptick
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Dow down more than 700 points by midday. University of Oxford, AstraZeneca Covid-19 vaccine shows promise in late-stage trial. Ant Group aims for record $34.4 billion IPO. J.R. Whalen reports.
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Plus: Honda and Nissan are forecasting a drop in annual net profits. And Apple apologizes for a new iPad ad seen by many as distasteful to creatives. Luke Vargas hosts.
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Published 05/10/24
Published 05/10/24
Plus: T-Mobile shares advance 1.1% and Verizon shares climb 0.8% on a WSJ report that the companies are in talks to carve up U.S. Cellular. The average 30-year mortgage rate fell to its lowest level since mid-April. J.R. Whalen reports.
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Published 05/09/24
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