The tech giant Microsoft released last quarter financial results on Wednesday after the market close. Microsoft (NASDAQ: MSFT) shares climbed more than 3% in the after-hours trading and hits a new all-time high after the company’s financial Q2 results exceeded Wall Street estimates.
American Biotechnology firm, Moderna (NASDAQ: MRNA) shares closed more than 12% higher on Monday after the company said it believes its COVID-19 vaccine protects against new variants found in Britain and South Africa.
Crude oil prices started the new week slightly higher. During the last week, the oil prices ended lower after larger-than-expected crude oil inventory builds in the US. Both API and EIA inventory data showed that crude stockpiles in the US increased by 2.6 and 4.351 million barrels in the week ended January 15th.
UK and Australia reported the latest retail sales data on Friday. UK December sales rose 0.3% on the month, better than 4.1% drop seen in November. Australian reported a larger-than-expected 4.2% drop in December retail sales, following the 7.1% jump in November.
Democrat Joe Biden was sworn in as the 46th president of the United States on Wednesday. In his inauguration speech, Biden emphasized the importance of national unity, public service, and racial equity.