10/1/2021, 4:39 PM (Source: TeleTrader)
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US turns red, Moderna drops 15%

Stock indexes in the United States turned to red on Friday, as the news that Merck & Co. Inc. and Ridgeback Biotherapeutics new COVID-19 oral drug halved the mortality rate caused a downard turn in stocks of other pharmaceutical companies.

The Nasdaq 100 dropped 0.79% at 10:36 am ET, while the S&P 500 lost 0.31% a minute later. Moderna Inc. dropped the most on both indexes, declining 15.54%. The Dow Jones stood flat at 10:38 am ET.

The euro gained 0.14% against the dollar trading for $1.15946 at 10:39 am ET.

Baha Breaking the News (BBN) / OL