U.S. stocks rise amid recovery bets, FDA approval: Markets Wrap
U.S. equities rose Monday as the Covid-19 immunization drive was bolstered by U.S. regulators granting full approval for the vaccine made by Pfizer Inc. and BioNTech SE.
The S&P 500 and Nasdaq 100 rebounded from lows last week as the approval could lead to more vaccine mandates amid a surge in delta variant cases that has threatened the momentum of the global economic recovery. Mixed U.S. data Monday showed July home sales coming in higher than expected while growth at U.S. services and factories slowed to an eight-month low.
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By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- Stock futures were higher in early morning trading Monday following a volatile week on Wall Street as investors eye a key event where the Federal Reserve could hint at prospects for tapering stimulus.
- Over the years a battle has brewed between the Walt Disney and Sony. The battle stems from the controlled interest Sony has in Spider Man.
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