Wednesday’s 10 Notable Stocks in Focus
U.S. stock futures tied to all three major indexes rose in the premarket trading Wednesday. At 2:18 p.m. ET, S&P 500 Index advanced 0.16 percent to 3,733.03, Dow Jones Industrial Average increased 0.28 percent to 30,419.75, and Nasdaq jumped 0.27 percent to 12,885.38. U.S. stocks were trading higher yesterday but suddenly slipped later in the day when Senate Majority Leader Mitch McConnell objected to the revised stimulus payments proposed by President Donald Trump on Monday.
McConnell blocked the increase in stimulus checks from $600 to $2,000. However, he still has a choice to decide about the revised amount later. Trump previously criticized the $600 payment, saying the amount is low for U.S. citizens who need extra money for buying groceries and paying rent.
Mid-Afternoon Market Update: Dow Gains 80 Points; Osmotica Pharmaceuticals Shares Plummet
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Mullen Technologies Receives Letter of Intent for Purchase Order of 1,500 MX-05 Electric Vehicles
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Letter of Intent to serve as basis for definitive agreements for an initial purchase order of 1,500 MX-05s and up to and additional 8,500 by 2025.
BREA, CA / ACCESSWIRE / December 30, 2020 / Mullen Technologies Inc. ( Mullen or the Company ), an emerging electric vehicle ( EV ) manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. (NASDAQ:NETE) in a stock-for-stock reverse merger in which Mullen s stockholders will receive a majority of the outstanding stock in the post-merger company, announced today that the Company has executed a non-binding Letter of Intent with Unlimited Electrical Contractors Corp (UEC) to enter definitive agreements for the purchase of up to 10,000 MX-05 electric vehicles. UEC is a premiere electrical contractor based in Pompano Beach, Florida, specializing in commercial and residential projects in South Florida.
Mid-Day Market Update: China Finance Online Drops After Q3 Earnings; Hepion Pharmaceuticals Shares Surge
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