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Pfizer Seeks Vaccine Authorization for Children Ages 12 to 15

Pfizer shares rose on Friday as the New York health-care titan and its COVID vaccine partner BioNTech said they’re asking the Food and Drug Administration for emergency-use authorization of the vaccine for kids aged 12 to 15. The vaccine already has EUA for everyone 16 and older. “The companies plan to request similar rulings by other regulatory authorities worldwide in coming days,” they said in a statement. “These requests are based on data from the pivotal Phase 3 trial in adolescents 12 to 15 years of age with…

Dow, S&P 500 End at Records as Wall Street Looks Past Inflation Worries

The Dow Jones Industrial Average and the S&P 500 closed at records on Friday as investors looked past data from the U.S. and China that renewed concerns about higher inflation. The yield on the 10-year U.S. Treasury note rose Friday to 1.653%. The Dow finished up 297 points, or 0.89% to close at 33,800, while the S&P 500 posted its third straight record close, rising 0.77% to 4,128. The Nasdaq gained 0.51% to close at 13,900 after trading lower for the early part of Friday's session. For the week, the Dow…

Tesla Raises Vehicle Prices (Again)

Tesla has yet again raised prices on their vehicle lineup in the United States for the third time in the last month. Here's a recap of the changes: Model 3 Model 3 Standard Range + increased $500 ($37,990 to $38,490) Model 3 Long Range non-performance increased $500 ($46,990 to $47,490) Model 3 Performance increased $1,000 ($55,990 to $56,990) Model Y Model Y Long Range non-performance increased $500 ($49,990 to $50,490) Model Y Performance did not change (held at $60,990) Model S / Model X Model S and…

Levi Strauss & Co. Raises Dividend and Outlook on Vaccine Rollout

Levi Strauss & Co. raised its dividend and its guidance after the bell Thursday, citing the continued rollout of COVID-19 vaccines as it reported its latest financial results. The maker of iconic jeans and other clothing raised its fiscal first-half 2021 reported net revenues outlook to 24% to 25% growth vs. the first half of 2020. It raised its first-half adjusted earnings-per-share estimate to 41 cents to 42 cents. It also increased its quarterly dividend to 6 cents a share. "We've started the year strong,…

S&P Closes at Record as Powell Says Fed Has Tools to Curb Inflation

The S&P 500 closed Thursday at a record for a second day after Federal Reserve Chairman Jerome Powell said he expected any inflation resulting from an economic recovery to be temporary, but if prices move "persistently and materially above levels we’re comfortable with" the central bank has the tools to curb them. The S&P, which also set an intraday record during the session, closed up 0.42% to 4,097. The Dow Jones Industrial Average rose 57 points, or 0.17%, to end at 33,503. The Nasdaq finished up 1.03% to…

Is Nvidia About to Fly Higher?

Nvidia has been a rewarding investment but a frustrating trading vehicle. However, shares have put in a solid rally lately as the stock works on its fourth straight daily gain and its sixth rally in the last seven sessions. And its one down day during that stretch? A declined of 69 basis points. That said, the stock is trading at the same level it was at the beginning of September. Advanced Micro Devices has been going through a similar stagnation. That’s despite the giant semiconductor shortage we’ve seen in video…

Outdoor Heating, Asia Demand Drives a Propane Surge

Demand for propane continued to surge in the U.S. and internationally over the winter. An extended February freeze, combined with work-from-home policies and restaurants trying to accommodate outdoor dining, has helped drive U.S. demand. That contributed to an already tight market across the board, with exports of natural gas liquids (NGLs) setting record highs. Asia accounted for approximately half of U.S. NGL exports in 2020, with propane as a major component. U.S. Producers See Record Exports Large numbers of…

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