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Transcripts For FBC After The Bell 20240712

Lauren simonetti watching the markets, Edward Lawrence reporting from washington and lauren as we close out the week we start with you. Investors are weighing stimulus, the vaccine hope against the infection, the dow is lower above 2 this week and up three weeks in a low, with s p 500 in the nasdaq again but snapping a twoweek winning streak. Take a look my dear mike, a lot of momentum for the biotech, it is up more than 50 on the week. One of five drugmakers that are testifying week on their work before congress. Also there is reports that these drugmakers are negotiated in advance purchase deals with European Union and you can see outside gains for novavaxs in a novena. Another game that we saw this week is rotation out of the big tech stocks, some investors used a source for other purchases, on the weekend amazon down seven and half percent, microsoft down 5 and netflix fell 10 on disappointing subscriber Growth Expectation for this current quarter. Investors question the momentum t

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