Here are the top news, trends, and analysis investors need to get their trading day started:
Dow Futures pointed to it A drop in Thursday open after two straight down sessions for the 30-stock average. The Dow rebounded to its first record high since February on Monday after preliminary phase third data showed ModernaThe coronavirus vaccine was more than 94% effective. AstraZeneca and Oxford released encouraging phase two data on their Covid-19 vaccine candidate on Thursday. However, Wall Street has seen an increasing number of virus cases in the United States since then be more careful.
The Ministry of Labor reported on Thursday morning 742,000 new claims for unemployment benefits for the week ending November 14th. That is a higher number of initial jobless claims than economists expected. It’s also an increase of 31,000 new claims from the previous week’s revised upward level.
Macy’s Shares fell 3% in the premarket after the company a Sales decline in the same store in the third quarter by more than 20% as consumers cut their clothing and accessories spend in American department stores during the pandemic. However, Macy’s reported a significantly smaller-than-expected loss of 19 cents per share and higher than expected sales of $ 3.99 billion. Digital sales grew 27% in the quarter, but those gains weren’t enough to offset store losses.
The US Covid-19 death toll topped 250,000 as the death toll was 1,848 on Wednesday, the worst day since May 7.
The 7-day average of daily new cases in the US rose to another all-time high of 161,165, with the daily record surpassing 170,000 for the second time in a week on Wednesday. According to the Johns Hopkins University, the cumulative cases in the US were over 11.5 million as of Thursday morning.
In this September 9, 2020 image, a vaccine marked with a test tube can be seen in front of the AstraZeneca logo.
Dado Ruvic | Reuters
The coronavirus vaccine is being developed by AstraZeneca and the University of Oxford was safe and triggered a similar immune response Among all adults, according to preliminary results of an peer-reviewed phase 2 study published Thursday in The Lancet, one of the world’s leading medical journals. In contrast to the highly effective data from the phase 3 studies with vaccine candidates from Moderna and the Pfizer– –BioNTech Working together, AstraZeneca’s Phase 2 vaccine study did not evaluate effectiveness. This is accessed in the third phase. The shares of AstraZeneca, based in the UK, rose slightly in the US premarket.
A student is seen walking down the steps of PS 139 closed public school in the Ditmas Park neighborhood of Brooklyn, New York, United States on October 8, 2020.
Michael Nagle | Xinhua News Agency | Getty Images
New York schools have learned completely from afar again. from Thursday. The announcement Wednesday by the Democratic Mayor Bill de Blasio had been expected for days as the city’s Covid cases spiked and the average 7-day threshold of 3% test positive was hit. Mark Levine, a New York councilor who chairs the health committee, said the decision was backward considering the city continues to allow indoor dining and gyms to stay open. De Blasio was forced to postpone the start of face-to-face learning in the country’s largest school system twice this fall after union leaders objected to the lack of health measures to protect teachers, students and staff.
Gwinnett County poll workers process ballots as part of the 2020 presidential recount at the Beauty P. Baldwin Voter Registration and Election building on November 16, 2020 in Lawrenceville, Georgia.
Megan Varner | Getty Images
Election officials in Georgia Expect to publish a report Thursday with a hand count of around 5 million votes in the presidential election. The census resulted from an examination required by a new state law and was not a response to suspected problems with the state’s results or an official request for a recount. Georgia election officials have repeatedly stated that they are awaiting confirmation of the handcount Joe BidenThe narrow lead over the president Donald Trump. Once the state confirms its election results, the losers’ campaign has two business days to request a recount if the margin stays within 0.5%.
– The Associated Press contributed to this report.