2/4/2021 6:07:07 PM GMT | By Benzinga Team
Midway through trading Thursday, the Dow traded up 0.84% to 30,981.73 while the NASDAQ rose 0.65% to 13,698.49. The S&P also rose, gaining 0.66% to 3,855.56.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 26,559,010 cases with around 450,820 deaths. India confirmed a total of at least 10,790,180 confirmed cases and 154,700 deaths, while Brazil reported over 9,339,420 COVID-19 cases with 227,560 deaths. In total, there were at least 104,484,970 cases of COVID-19 worldwide with over 2,271,230 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Fintech Holding Limited TIGR 15.19%, up 17%, and
Weidai Ltd WEI 16.12%, up 17%.
Mid-Day Market Update: Gold Down 2 5%; Lizhi Shares Spike Higher
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A Peek Into The Markets: US Stock Futures Up; Alphabet, Amazon Report Upbeat Earnings Benzinga 2/3/2021
Pre-open movers
U.S. stock futures traded higher in early pre-market trade after the Dow Jones added 475 points in the previous session. Investors are awaiting earnings reports from Humana Inc (NYSE: HUM) and Paypal Holdings Inc (NASDAQ: PYPL), Metlife Inc (NYSE: MET), eBay Inc. (NASDAQ: EBAY).
The ADP’s national employment report for January will be released at 8:15 a.m. ET. US Services Purchasing Managers Index for January is scheduled for release at 9:45 a.m. ET, while the ISM s services index for January will be released at 10:00 a.m. ET. Minneapolis Fed President Neel Kashkari is set to speak at 8:30 a.m. ET, while Federal Reserve Bank of St. Louis President James Bullard will speak at 1:00 p.m. ET. Philadelphia Fed President Patrick Harker is set to speak at 2:00 p.m. ET, while Federal Reserve Bank of Cleveland President Loretta Mester will speak at 5:
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) shares shot up 63% to $7.71
after the company announced a newly-appointed Chief Operating Officer and Chief Technology Officer to spearhead its efforts to enter Bitcoin mining.
Shares of GW Pharmaceuticals plc (NASDAQ: GWPH) got a boost, shooting 46% to $212.80 after the company announced it will be acquired by Jazz Pharmaceuticals for $7.2 billion.
Tyme Technologies Inc (NASDAQ: TYME) shares were also up, gaining 105% to $3.74 after the company was granted US patent claims covering the use of TYME-19 to treat COVID-19 infections.
Equities Trading DOWN
Vaxart, Inc. (NASDAQ: VXRT) shares tumbled 59% to $9.65 after reporting that neutralizing antibodies were not detected in volunteers after a single dose of its experimental oral COVID-19 vaccine candidate, VXA-CoV2-1, in a Phase 1 trial of 35 healthy adults.
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) shares shot up 60% to $7.57
after the company announced a newly-appointed Chief Operating Officer and Chief Technology Officer to spearhead its efforts to enter Bitcoin mining.
Shares of GW Pharmaceuticals plc (NASDAQ: GWPH) got a boost, shooting 46% to $214.00 after the company announced it will be acquired by Jazz Pharmaceuticals for $7.2 billion.
Tyme Technologies Inc (NASDAQ: TYME) shares were also up, gaining 86% to $3.38 after the company was granted US patent claims covering the use of TYME-19 to treat COVID-19 infections.
Equities Trading DOWN
Vaxart, Inc. (NASDAQ: VXRT) shares tumbled 52% to $11.19 after reporting that neutralizing antibodies were not detected in volunteers after a single dose of its experimental oral COVID-19 vaccine candidate, VXA-CoV2-1, in a Phase 1 trial of 35 healthy adults.
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