Volatile month for equities. Why the s p could rally another 9. 5 from now until the end of the year. They are the most loved stocks on wall street and apple is not one of them. Weve got the list for you. We begin with what could be a major breakthrough in the battle to contain ebola, a vaccine being developed in record time proving to be highly effective in fighting or warding off that deadly virus. Shares of the two Companies Involved in the Drugs Development are moving higher at this hour. As you see it there, newlink genetics and merck. Cnbcs pharma expert meg tirrell with the very latest. That vaccine being developed by merck has shown to be 1 00 effective in preventing ebola. According to a interim analysis of a late stage study being conducted in guinea. Experts say the results need to be confirmed and the studies are ongoing but they call the news encouraging with the w. H. O. Declaring the world is on the verge of an effective ebola vaccination. It was used in the 1970s to era
Companies bring the upside surprise but not this time. We heard from chevron and exxonmobil. We saw the profit declined 52 from one year ago it fell 4. 5 with the new lowrent a 4. 8 to the new low as well. But the S P Energy Sector fell to present as well whole from a type of significant gains. Theyre all down almost 5 so energy was the story of the daytoday. Here as we a wrap up the month. So seeing the Falling Energy prices. Indeed. As far as the Bigger Picture what else contributed to sentiment . All of the volatility stemming from the rest credito crisis, and the Chinese Market crashing a couple of weeks ago. The growth patterns and the ripple effect. With a very mixed bed of reports but we did close out with gains with the dow is up and the nasdaq will be the top performer of the gain of 2. 8 for the month. The jobs report as of friday with more earnings and we do have a couple of Dozen Companies reporting as well. Joining me from the floor of the new york stock exchange. Weinstoc
U. S. Auto sales are expected to past 17 million for the third month as suvs and pickup trucks remain strong in july. And youre fired. Donald trump slumped because of racist comments but now first in the polls. Meanwhile, joe biden is reportedly thinking about dipping his toe into the race. All right. Welcome back. Lets have a quick look at the athens Stock Exchange. It opened for the first time in five weeks today. And it is down quite heavily as expected. It was off by roughly 20 . This is what we were expecting. Based on u. S. Traded etf of good stocks, this big decline is by no means a big surprise. But as you can see, the banking stocks are the hardest hit. National bank of greece off by 30 . And were seeing those declines across the banking sector. The banking sectors got a 20 rating for the index. And theres still a lot of question marks about the health of these bank given that 93 need to be recapitalized. Its not just the market that is suffering this morning, the economy as w
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