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Amazon’s latest devices include the all-new Echo, Echo Dot, Echo Dot with Clock, the eero 6 routers, home flying security cameras, the Ring security system for cars, an update to its Fire TV Stick, as well as some other new products.
ByteDance is now in talks with Oracle Corporation and Walmart Inc over the acquisition of TikTok. Approval of both the U.S. and Chinese governments is necessary.
Amidst larger market uncertainty, 2020’s top-performing tech sector witnessed heavy selling leading to a broader market correction. Also with the fears of another lockdown, President Trump said that they won’t be going for the same.
Johnson & Johnson has commenced a phase 3 trial of its one-shot vaccine. The company will recruit a total of 60,000 participants. JNJ stock is in the green.
Tesla CEO announced plans to deliver a cheaper car of $25,000 by 2023. In reaction, Tesla stock continued its way down.
The stock market remained upbeat on Tuesday as Fed Chairman Jerome Powell restored confidence among investors assuring the central bank’s support to the economy. Tech stocks continued to remain in charge of the market pullback.
The United Kingdom is mulling for another round of national lockdown as some medical scientists hinted at necessary measures to arrest the rise in COVID-19 cases. This has caused global investors to reconsider their positions as the road to economic recovery looks longer.
On Friday, the S&P 500 index closed 1.12% or 37.54 points down, at 3,319.47. The close was below S&P 500’s 50-day moving average for the first time since April. At the moment of writing, it is even lower, at 3264.41.
Despite President Trump’s assertions of U.S. companies to have complete control over TikTok operations, the parent company ByteDance confirmed that it will have 80% control on TikTok Global operations. Oracle gets 12.5% and Walmart 7.5%.
With the duo of ByteDance and Oracle reportedly in tune with the deal, all hopes are now cast on the vocal President to help seal the agreement.
The Dow Jones dipped by 130 points as tech stocks plummeted during the Thursday’s volatile trading session. Pharmaceutical stocks are doing better these days.
Moderna COVID-19 vaccine candidate dubbed mRNA-1273 has entered its late-stage trials. The company noted that as of Wednesday, September 16, 2020, about 25,296 participants have been enrolled.
The Dow Jones Industrial Average rose 36.78 points, or 0.13%, to 28,032.38 yesterday. However, the index has now dropped 1.77% YTD.
The Oculus Quest 2 features a more ergonomic design over its predecessor with all the standalone features. Facebook has seen good demand for its VR headsets during the pandemic period and has ramped up production for its latest offering.
The tech sector continues to push the markets higher on Tuesday along with better economic data coming out of China. The U.S. Industrial Production data for August shows 0.5% jump.