The S&P 500 Index (SPX) increased to its highest level in five months on Wednesday, reaching 3,238 after reports revived hopes surrounding the development of a vaccine for the coronavirus.
The SPX increased to as much as 3,225, a rise of 0.88%, as a result of the news. Earlier on Wednesday, Moderna announced that it had gotten a robust response by the immune system to its experimental vaccine for COVID-19.
The company revealed that a late-stage trial with as many as 30,000 participants is to begin later in July.
The political editor of ITV News, Robert Peston, reported that scientists developing a coronavirus vaccine at Oxford University have received encouraging results. Stocks in cruise liners began to rise sharply yesterday, having suffered serious losses during the stock market selloff because of the COVID-19 crisis.
Shares in both Norwegian Cruise Line Holdings Ltd (NCLH) and Royal Caribbean Cruises Ltd (RCL) increased by over 20%, and there was also a rise of as much as 16.2% for shares in Carnival Corp (CCL). However, the bad news was that shares in Bank of New York Mellon Corp (BK) were actually down on the same day by as much as 5.23%, falling to $36.93 and being Wednesday’s worst performer.
The company’s chief executive officer Todd Gibbons said that downside risks from economic uncertainty in addition to the significant pressure caused by low-interest rates still remained.
The company was nonetheless still able to report revenue from Q2 2020 that managed to be a bit better than had been predicted. The outlook continues to remain cautious as uncertainty over the COVID-19 pandemic, and the effectiveness of possible vaccines remains high.
We want our site users to find good brokers to trade through and to be warned off bad brokers. We encourage you to use our complaints tool to let us know about your experiences.
We have categorised the common complaints to make it easier for you and we have provided some guidance on what you may want to try before submitting a complaint, if our suggestions do not provide you with a resolution then by submitting a complaint, our team will attempt to take up your case with the relevant Broker and if needed, submit a formal report to the regulators.
We use the information you give us to decide if we want to continue to promote a broker on our site.
Your complaint not only helps you, it helps others and it helps us determine if we continue to support the broker.
Have you had a bad experience with a Broker? Let Others Know! Help our community of traders know of issues you have experienced. Just submit your complaint!
Choose if you want us to help resolve it with the broker or if you just want to tell others of your bad experience
Your details are never made public so your complaint is anonymous to the world
If you tick the box asking for our help to resolve it, we will attempt to resolve this with the broker and at least make them aware of the complaint.