With the holiday season coming up, it’s been a relatively quiet week for the biotech sector with very few pipeline and regulatory updates. However, companies like Sophiris (SPHS – Snapshot Report) and Cyclacel saw their shares plunging on disappointing pipeline updates.Recap of the Week’s Most Important Stories1. Sophiris faced a major pipeline setback following an interim analysis of an ongoing […]
With the holiday season coming up, it’s been a relatively quiet week for the biotech sector with very few pipeline and regulatory updates. However, companies like Sophiris (SPHS – Snapshot Report) and Cyclacel saw their shares plunging on disappointing pipeline updates.Recap of the Week’s Most Important Stories1. Sophiris faced a major pipeline setback following an interim analysis of an ongoing […]
Benchmarks ended in the red for the third-straight session after volatile trading on Tuesday. A nosedive in Russian ruble raised worries about the global economy. Ruble slumped despite Russian central bank hiking interest rates to 17%. Moreover, uncertainty regarding the rate hike in the US ahead of the Federal Open Market Committee meeting also dented investor sentiment. Decline in technology […]
Benchmarks finished in the red as decline in oil prices dragged down energy shares on Friday, offsetting positive consumer sentiment data. Moreover, dismal economic data from China also dented investor confidence. The S&P 500 and the Dow registered their biggest weekly losses since May 2012 and Sep 2011, respectively.For a look at the issues currently facing the markets, make sure […]
Benchmarks suffered their biggest drop in two months on Wednesday after a slump in oil prices dragged energy shares down. Oil prices took a beating after OPEC lowered its oil production forecast for 2015. The S&P 500 registered its worst one-day percentage decline since Oct 13. All 10 sectors of the S&P 500 index also posted a decline of more […]
Benchmarks ended Tuesday’s trading session on a mixed note as investors remained concerned about the global economy and political turmoil in Greece. People’s Bank of China’s move to tighten rules on loans and unexpected declaration of presidential elections in Greece dented investor sentiment. However, the S&P 500 and Dow erased much of the initial losses, banking on a rally in […]
Strong service sector numbers and modestly impressive job data helped benchmarks to finish in the green zone on Wednesday. This was the second consecutive day of gains for the indices. Moreover, rally in energy shares following rebound in oil prices and solid gains in materials stocks also boosted investor confidence. The S&P 500 reached its 48th record high this year […]
Benchmarks began December on a dismal note as discouraging domestic as well as overseas economic data dented investor sentiment on Monday. Moreover, decline in sales during Thanksgiving weekend also dragged down retail shares on Monday. However, rebound in oil prices boosted energy shares. The Nasdaq registered its biggest one-day decline in seven weeks and the S&P 500 witnessed the same […]
Markets ended Friday’s holiday-shortened session on a mixed note following decline in oil prices that dragged down energy shares. However, slide in oil prices boosted airlines and retail shares on Black Friday. Moreover, major benchmarks registered weekly gains for the sixth consecutive week and also managed to finish in positive territory in November.For a look at the issues currently facing […]
Benchmarks settled in the green on Wednesday due to gains in technology and telecom stocks. The S&P 500 and the Dow closed at a record level for the 47th and 30th times this year, respectively. Separately, the Nasdaq was boosted by gains in bio-tech stocks. However, the gains were limited by another slump in energy shares. Meanwhile, the day’s discouraging […]
