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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AstraZeneca PLC    AZN   GB0009895292


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Wall St rises, Nasdaq hits record high on recovery hopes

11/27/2020 | 09:53am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* Trump says will leave if Biden wins Electoral College vote

* Volatility dips to levels last seen in February

* U.S. stock market to close early; trading to remain thin

* Indexes up: Dow 0.44%, S&P 0.35%, Nasdaq 0.66%

Nov 27 (Reuters) - Wall Street's main indexes rose and the Nasdaq hit a record high on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday.

Sentiment was also lifted by President Donald Trump saying he will leave the White House if the Electoral College votes for President-elect Joe Biden, the closest he has come to conceding the Nov. 3 election, market participants said.

"While it was certainly the expectation of the vast majority of traders that there would be an easy transfer of power, at the end of the day it gives a little bit of confidence," said Rick Meckler, a partner at Cherry Lane Investments in New Jersey.

The three main U.S. stock indexes have gained more than 10% this month as investors were encouraged by signs that COVID-19 vaccines were on track to be rolled out in the weeks ahead, setting the S&P 500 for its best November ever.

Although European bourses were subdued by doubts around the effectiveness of AstraZeneca's vaccine, Meckler said it would not affect the U.S. stock market with traders betting on candidates being developed by Pfizer Inc and Moderna Inc .

By 9:40 a.m. ET, the Dow Jones Industrial Average was up 131.92 points, or 0.44%, at 30,004.39, the S&P 500 was up 12.86 points, or 0.35%, at 3,642.51, and the Nasdaq Composite was up 79.33 points, or 0.66%, at 12,173.74.

Nine of the 11 major S&P sectors were higher, with only the real estate and the utilities sectors, commonly considered defensive, trading lower.

A rotation into sectors deemed to benefit from an economic recovery, such as industrials and financials, has also powered the Dow to record highs and put it on track for its biggest monthly gain since 1987.

Market volatility, as measured by the CBOE volatility index , slipped to pre-pandemic levels. Trading volumes are expected to be light as the U.S. stock market closes early on Friday.

U.S.-listed shares of iQIYI Inc fell 2.8% after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put on hold talks to buy a controlling stake in the video streaming service.

Next week, investors will get the latest economic snapshot, including the monthly employment report. Economists polled by Reuters expect the Dec. 4 jobs report to show unemployment dipped to 6.8% from 6.9%, but still well above the 4.5% rate in March, before much of the U.S. economy went into lockdown.

Advancing issues outnumbered decliners 1.58-to-1 on the NYSE and 2.06-to-1 on the Nasdaq.

The S&P index recorded 17 new 52-week highs and no new low, while the Nasdaq recorded 75 new highs and four new lows. (Reporting by Shivani Kumaresan and Shriya Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty and Arun Koyyur)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.50% 258.62 Delayed Quote.11.72%
ASTRAZENECA PLC 1.66% 7777 Delayed Quote.4.45%
DJ INDUSTRIAL -0.31% 31078.45 Delayed Quote.1.06%
IQIYI, INC. -1.80% 20.4836 Delayed Quote.19.34%
MODERNA, INC. -0.48% 132.298 Delayed Quote.27.29%
NASDAQ 100 -0.19% 13376.778151 Delayed Quote.4.01%
NASDAQ COMP. -0.02% 13525.644126 Delayed Quote.4.41%
PFIZER INC. 0.71% 36.7391 Delayed Quote.-0.90%
S&P 500 -0.16% 3846.61 Delayed Quote.2.55%
All news about ASTRAZENECA PLC
01:55pASTRAZENECA : Initial Vaccine Volumes in Europe to Be Lower Than Expected
01:18pAstraZeneca's initial EU delivery volumes of COVID-19 vaccine to fall short
01:14pWHO to consider two Chinese COVID-19 vaccines next week
01:01pModi says India self-reliant on COVID-19 vaccines as 1 mln inoculated
11:39aASTRAZENECA : informs EU officials about vaccine delivery shortfall - Bild
11:39aASTRAZENECA : says initial EU delivery volumes of COVID-19 vaccine to fall short
11:38aAstrazeneca says there is no scheduled delay to the start of shipments of our..
08:51aASTRAZENECA : Goldman Sachs maintains a Sell rating
08:34aASTRAZENECA : Brazil awaits vaccine cargo from India amid supply concerns
07:58aASTRAZENECA : Swissmedic to Approve AstraZeneca's COVID-19 Vaccine Within Weeks
More news
Financials (USD)
Sales 2020 26 404 M - -
Net income 2020 2 955 M - -
Net Debt 2020 13 238 M - -
P/E ratio 2020 42,0x
Yield 2020 2,68%
Capitalization 138 B 138 B -
EV / Sales 2020 5,72x
EV / Sales 2021 4,92x
Nbr of Employees 70 600
Free-Float 95,7%
Duration : Period :
AstraZeneca PLC Technical Analysis Chart | MarketScreener
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Technical analysis trends ASTRAZENECA PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 25
Average target price 126,44 $
Last Close Price 105,02 $
Spread / Highest target 48,6%
Spread / Average Target 20,4%
Spread / Lowest Target -14,1%
EPS Revisions
Managers and Directors
Pascal Soriot Chief Executive Officer & Executive Director
Leif Valdemar Johansson Non-Executive Chairman
Pam P. Cheng Executive VP-Operations & Information Technology
Marc Pierre Jean Dunoyer Chief Financial Officer & Executive Director
Menelas N. Pangalos EVP-Biopharmaceuticals Research & Development
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