π Stock Market Today: UBER, PTON, ETSY and FB - Here's what you need to know:
Stocks are opening mixed again. Here's what is happening in the markets today, Thursday May 6th.
Stock Market Today | May 6, 2021 - Here's What You Need To Know:
Here's what is happening in the markets today, Thursday May 6th.
Dogecoin (DOGE-USD) fell 12% overnight to $0.60 - though tokens elsewhere may be benefiting from the decline, like Bitcoin (BTC-USD), which rebounded 4% to the $57,000 level.
Stocks of COVID-19 vaccine developers are trending lower after U.S. Trade Representative Katherine Tai announced support for a waiver of intellectual property protections. The Biden administration supported waiving patents for Covid vaccines to boost supply in lower-income countries. Pfizer (PFE) is off 3.1% premarket on the news, BioNTech (BNTX) declined 4.3% (following a 3.4% drop in the previous session), while Moderna (MRNA) fell another 2.4% (after tumbling 6.2% on Wednesday).
The U.S. is now averaging about 2.3M shots per day, which is down 32% from the peak last month.
There are now incentives to get the vaccine:
. Krispy Kreme is giving away free doughnuts to anyone who presents a vaccination certificate,
. New York will offer free Mets or Yankees tickets to people who get their vaccine at the stadiums.
. Maryland is offering $100 to state employees that get fully vaccinated,
. Detroit is giving out $50 prepaid debit cards to anyone who drives a resident to a vaccine site, and
.in New Jersey, anyone over the age of 21 can take their vaccination card to a participating brewery for a free beer.
. Connecticut has a similar program, in which residents who have received at least one vaccine dose can get a free beverage at participating restaurants in the state.
Some earnings news this morning:
Etsy (ETSY) -9.9% AH forecasting slower growth ahead.
Uber (UBER) -4.8% AH turning around after record gross bookings. Uber posted its smallest quarterly loss in history
results this morning from Moderna (MRNA), Regeneron (REGN), Kellogg (K) and ViacomCBS (VIAC). After the bell, reports will be released by AMC (AMC), Dropbox (DBX), Expedia (EXPE), Square (SQ), Roku (ROKU), Beyond Meat (BYND) and Shake Shack (SHAK).
Lumber (LB1) is still making record highs. Putting it in perspective, a sheet of 3/4" plywood at Home Depot (HD) is now selling for around $60 (depends on location), up from about $30 before the pandemic - that's a 100% increase
Facebook's (FB) Oversight Board has decided not to permit former President Donald Trump back on the social media network. The Oversight Board is meant to be a neutral third party that deliberates user-related gripesβin this case, Trump's appeal to be unbanned from Facebook properties.
The group currently consists of 20 members who a) aren't affiliated with Facebook and b) are considered experts in areas like law, ethics, free speech, and journalism. Several professors, a Nobel Peace Prize laureate, and a former prime minister are all on the roster.
Peloton (PTON) stumbles after agreeing to a treadmill recall. Yesterday, Peloton recalled its $4,300 treadmills due to safety concerns and apologized for not doing so sooner. The company will stop selling new treadmills and provide full refunds to customers who return theirs.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
Here's what is happening in the markets today, Thursday May 6th.
Dogecoin (DOGE-USD) fell 12% overnight to $0.60 - though tokens elsewhere may be benefiting from the decline, like Bitcoin (BTC-USD), which rebounded 4% to the $57,000 level.
Stocks of COVID-19 vaccine developers are trending lower after U.S. Trade Representative Katherine Tai announced support for a waiver of intellectual property protections. The Biden administration supported waiving patents for Covid vaccines to boost supply in lower-income countries. Pfizer (PFE) is off 3.1% premarket on the news, BioNTech (BNTX) declined 4.3% (following a 3.4% drop in the previous session), while Moderna (MRNA) fell another 2.4% (after tumbling 6.2% on Wednesday).
The U.S. is now averaging about 2.3M shots per day, which is down 32% from the peak last month.
There are now incentives to get the vaccine:
. Krispy Kreme is giving away free doughnuts to anyone who presents a vaccination certificate,
. New York will offer free Mets or Yankees tickets to people who get their vaccine at the stadiums.
. Maryland is offering $100 to state employees that get fully vaccinated,
. Detroit is giving out $50 prepaid debit cards to anyone who drives a resident to a vaccine site, and
.in New Jersey, anyone over the age of 21 can take their vaccination card to a participating brewery for a free beer.
. Connecticut has a similar program, in which residents who have received at least one vaccine dose can get a free beverage at participating restaurants in the state.
Some earnings news this morning:
Etsy (ETSY) -9.9% AH forecasting slower growth ahead.
Uber (UBER) -4.8% AH turning around after record gross bookings. Uber posted its smallest quarterly loss in history
results this morning from Moderna (MRNA), Regeneron (REGN), Kellogg (K) and ViacomCBS (VIAC). After the bell, reports will be released by AMC (AMC), Dropbox (DBX), Expedia (EXPE), Square (SQ), Roku (ROKU), Beyond Meat (BYND) and Shake Shack (SHAK).
Lumber (LB1) is still making record highs. Putting it in perspective, a sheet of 3/4" plywood at Home Depot (HD) is now selling for around $60 (depends on location), up from about $30 before the pandemic - that's a 100% increase
Facebook's (FB) Oversight Board has decided not to permit former President Donald Trump back on the social media network. The Oversight Board is meant to be a neutral third party that deliberates user-related gripesβin this case, Trump's appeal to be unbanned from Facebook properties.
The group currently consists of 20 members who a) aren't affiliated with Facebook and b) are considered experts in areas like law, ethics, free speech, and journalism. Several professors, a Nobel Peace Prize laureate, and a former prime minister are all on the roster.
Peloton (PTON) stumbles after agreeing to a treadmill recall. Yesterday, Peloton recalled its $4,300 treadmills due to safety concerns and apologized for not doing so sooner. The company will stop selling new treadmills and provide full refunds to customers who return theirs.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.