Biotechs rise on Greece ‘No’ Vote!Amazing news, right? I mean, who would think the news out of Greece would push biotech stocks higher?But apparently it did. The Greek people let the world know they ain’t interested in more austerity (not that they really had any). Meanwhile, biotechs were the strongest group of stocks on the market to kick off the […]
Biotechs rise on Greece ‘No’ Vote!Amazing news, right? I mean, who would think the news out of Greece would push biotech stocks higher?But apparently it did. The Greek people let the world know they ain’t interested in more austerity (not that they really had any). Meanwhile, biotechs were the strongest group of stocks on the market to kick off the […]
#MarketUpdate: It’s all Greek to me…The markets opened in the red as expected, rallied to near unchanged and at midday are just modestly lower. The Dow is off 44 points, Nasdaq Comp in the red by 14 pts, S&P-500 lower by 6pts, and the Russell 2000 is holding up the best with only a 3 point loss. For some context, […]
The first half of 2015 has come and gone, and the long-running global bull market has significantly faltered.The Dow Jones Industrial Average fell 1.4% through the first six months of 2015, the first time the index has lost ground in that time frame since 2010. The S&P 500 eked out a 0.2% gain in the first half, its smallest H1 […]
“By declaring Greece in arrears, the IMF avoided using the term ‘default,’” says this morning’s New York Times.If you read yesterday’s 5 Minute Forecast, you already knew that’s what would happen. The Greek government missed a $1.7 billion payment to the International Monetary Fund. But don’t call it a default.The U.S. finance industry played this game a few years ago. […]
The Celgene Corporation (CELG – Analyst Report) – Juno Therapeutics’ (JUNO – Analyst Report) immunotherapy deal worth at least a billion dollars was the main story in the biotech sector this week. While concerns are being raised about the high price tag, the deal just goes to show the growing interest in the field of immunotherapy. Meanwhile, quite a few […]
Have you come out of your bunker yet after Monday’s Greek tragedy?You might have expected more fireworks yesterday after Monday’s 350-point rout. But the Dow managed to gain 23 points and the Nasdaq tacked on 28.So where do we stand right now? And what should you do with your money today?I’m going to tell you…But before we get to my […]
Epizyme (NASDAQ:EPZM)On June 22, 2015 shares of Epizyme were up about 27% after the company announced that it had obtained positive phase 1 results in patients with Non-Hodgkin’s Lymphoma — NHL. The company used its drug known as EPZ-6438, which is also known as tazemetostat to treat these patients with NHL. Epizyme has developed this drug to treat these NHL […]
For June 29, 2015, here’s a look at why the stock market is down today a whopping 350 points – the biggest fall since June 2013.DJIA, S&P 500, Nasdaq Closing Numbers:Dow Jones: 17,596.35; -350.33; -1.95%S&P 500: 2,057.64; -43.85; -2.09%Nasdaq: 4,958.47; -122.04; -2.40%The DJIA today cratered 350 points as traders sold on fears that Greece may default on its debts.The nation […]
FinVizStocks are rolling over.Near 2:35 pm ET, stocks were at their lowest levels of the day with the Dow down 300, the S&P 500 down 37 points, and the Nasdaq down 104. The Nasdaq was the day’s biggest loser on a percentage basis, falling more than 2%, while the S&P 500 was down about 1.8% and the Dow was off 1.6%. With […]
