Johnson & Johnson (NYSE: JNJ) reported better-than-expected third-quarter financial results on Tuesday. The stock fell more than 2% on Tuesday on concerns around the company pausing its covid-19 vaccine trials.
This week Investors will shift their attention to major US bank's earnings. JPMorgan (NYSE: JPM) and Citigroup (NYSE: C) are both due to release results on Tuesday, followed by Goldman Sachs (NYSE: GS), Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), and Morgan Stanley (NYSE: MS) later in the week.
Airline stocks closed higher for the second consecutive week on Friday after the US President Trump urged $25 billion in relief for the industry. Overall, the momentum for Airline shares remained bullish throughout last week.
The world's largest pizza chain Domino's Pizza (NYSE: DPZ) announced third-quarter financial results on Thursday. The company earnings missed the consensus estimate while the revenue rose 17.9% to $968 million, topping expectations of $953 million.
Chinese fintech and payments giant the Ant Group is going to IPO in October. It aims to raise up to $35 billion in Hong Kong and Shanghai at over a $200 billion valuation. Ant’s IPO could surpass Saudi Aramco’s US$29.4 billion IPO last December as the largest ever.