Close Update: Stocks End Mixed Friday, Manage Gains for Week

Friday, October 16, 2020 4:19 PM | MT Newswires

Major market indexes lost momentum late in the session on Friday to close mixed as the Nasdaq Composite Index underperformed.

The Dow Jones Industrial Average rose 0.4% to 28,606.31 , while the S&P 500 added 0.01% to 3,483.81. The Nasdaq slipped 0.4% to 11,671.56.

For the week, the Dow rose 0.07% while the S&P 500 gained 0.2%. The Nasdaq added 0.8%.

Positive economic news helped boost the outlook for investors. September retail sales rose 1.9%, well ahead of the 0.7% consensus, according to Econoday.

Among stocks on the move, drug giant Pfizer (PFE) rose almost 4% after it said it will file for an emergency use authorization for its COVID-19 vaccine candidate "soon after" safety data become available by the third week of November. Elsewhere, Hertz Global (HTZ) surged 143% after the car rental group secured commitments for debtor-in-possession financing of $1.65 billion.

On the downside, Calyxt (CLXT) fell 21% after agreeing to sell 3.75 million shares at $4 each. FSD Pharma (HUGE) slumped 16% after disclosing an agreement to sell shares and warrants.

Share this article:

Related Companies

Upgrade to Premium and Analyze Stocks Like a Pro

50% Off All Subscriptions
InvestorsObserver Premium
InvestorsObserver Premium
InvestorsObserver Premium
Save up to 65% with annual

InvestorsObserver Premium

$ 20.75 $ 10.38 /month
$249 $124.50 billed annually

You May Also Like

Related Articles

Sino-Global Shipping America, Ltd. (SINO) Stock: How Does it Score?

Should You Buy Avalon Holdings Corp (AWX) Stock?

Is Global Cord Blood Corp (CO) Stock a Great Value?

Denali Therapeutics Inc (DNLI) Stock Climbs 10.58% This Week; Should You Buy?

Should Replimune Group Inc (REPL) Stock be in Your Portfolio?

Related Companies