NYC Retail Real Estate Falls As Much As 30% & Amazon Rallies Markets Higher – Daily Financial News Summary For Monday, July 20, 2020
Markets rallied Monday as the Nasdaq rose 2.5%, the S&P 500 was up 0.8%, while the Dow Jones inched its way higher by 0.03% after starting the day in the red.
Amazon saw its share price skyrocket 7.9% and post its best day since December 2018 following the price target on Amazon stock being bumped up to $3,800 per share. This is the highest price target on Wall Street at the moment. Apple saw a 2.1% gain, Alphabet was up 3.1%, Microsoft spiked 4.3%, while Facebook and Netflix trailed with an increase of 1% each.
As we reported last week, Pfizer and BioNTech are making headway on a joint coronavirus vaccine, which reported further results that gave both a bump in stock prices today. BioNTech saw a 3.4% gain and Pfizer a 0.6% bump in share price. Synairgen, a British pharmaceutical company, saw its shares skyrocket 350% higher after news of a respiratory medication is reducing the number of COVID-19 hospitalizations in their clinical trial.
A handful of companies made noise in after-hours trading, including Moderna, which dipped another 1% after falling over 12.8% earlier in the day. This was a result of the positive news on the Pfizer and BioNTech progress.
Tips On Avoiding Anxiety About Retirement and How To Boost You Retirement Nest
As you get close to retirement age you may start becoming worried that you will not be able to afford retirement. This is the predicament that older adults are finding themselves in and thus some have to work longer or find alternative ways of ensuring they have saved enough for retirement. Most importantly, when thinking about retirement, it is vital to begin investing and saving earlier. Here are some tips to help you avoid panicking and boost your savings.
It is important to pay attention to your finance as this will help you stay ahead of problems before they happen. Usually, managing personal finances intimidates or stress people so in most cases people ignore them. Checking on your accounts can help relieve the anxiety you may have about not being ready for retirement.
