📈 Stock Market News: BIG drop heading into the open - Here's what you need to know
Here's what is happening in the markets today, Monday, September 20th
Here's what is happening in the markets today, Monday, September 20th:
- This morning index futures are getting hammered with the e-Mini DOW down 1.9%.
- The overnight sell off picked up in China with the Hang Seng index down more than 3%.
- A big concern in China is developer China Evergrande Group which is on brink of a default.
- Pfizer (PFE) announced that trials show that their vaccine is safe in children ages 5-11.
- Banks stocks down big pre-market following a drop in bond yields: BAC, WFC, JPM, and GS all down more than 3.0%.
- AstraZeneca (AZN) up after announcing that their breast cancer drug Enhertu showed positive results in phase-three clinical trials.
- Crude Oil taking a bit of a hit. Occidental Petroleum (OXY) is down 5% pre-market.
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