The Best- And Worst-Performing Biotech Stocks, Nov. 8 to Nov. 15
The Australian dollar was up 0.42 percent at $0.9364, while the New Zealand dollar rose 0.65 percent to $0.8328. what is the best stock to buy? The euro was up 0.19 percent at $1.3485, below a one-week high of $1.3497 touched on Thursday. It remains under pressure from the disparity between the U.S. and European economies – underlined by weak euro zone GDP numbers on Thursday, which kept alive the possibility of more central bank action to stimulate growth.
Stocks’ record run continues
15 Follow Comments Following Comments Unfollow Comments These are the best and worst-performing medical and biotech stocks from from Nov. 8 to Nov. 15. This screen includes biotechnology and medical companies traded on the New York Stock Exchange, the Nasdaq or the American Stock Exchange that had market capitalizations of more than $300 million as of a week ago.
Exxon Mobil, a member of the Dow, rose $2.05, or 2.2 percent, to $95.27. Investors may be getting more comfortable with the prospect of the Fed cutting back on its stimulus as long as the economy is also improving, said Jim Dunigan, a managing executive at PNC Wealth Management. The path of least resistance (for stocks) seems to be higher right now, Dunigan said. The stock markets biggest setbacks this year have come when investors worried that Fed policy makers were close to paring their $85 billion per month in bond purchases, which are intended to keep interest rates low.
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