Investors looked to ventured back into U.S. equity markets Tuesday with the futures market indicating a higher open for stocks. Treasury yields fell.
Meanwhile, the global energy shortage is trickling throughout the market, hitting gas prices. Oil briefly jumped over $80 a barrel as investors contemplated the effects of reduced suply.
Investors are continuing to keep an eye on the standoff in Washington DC surrounding the proposed increase in the U.S. debt ceiling.
|S&P 500 Futures||4,365.00||21.5||0.49%|
U.S. Dollar and Treasuries
|The yield on the 10-year Treasury fell three basis points suggesting investors are more willing to assume risk in the equity markets. The dollar strengthened against a basket of major currencies.|
|U.S. Dollar Index (DXY):||93.93||+0.16||+0.17%|
|U.S. 1 Year Treasury Bill||0.080%||-0.001||0.081%|
|U.S. 2 Year Treasury Note||0.301%||-0.004||0.305%|
|U.S. 5 Year Treasury Note||1.000%||-0.022||1.023%|
|U.S. 10 Year Treasury Note||1.509%||-0.032||1.541%|
|U.S. 20 Year Treasury Bond||2.004%||-0.035||2.039%|
|U.S. 30 Year Treasury Bond||2.057%||-0.032||2.089%|
Stocks To Watch
Fortress Biotech has announced that AstraZeneca has announced it will exercise its option to acquire Caelum Biosciences, a company founded by Fortress Bio. Fortress Bio specializes in acquiring, developing, and commercializing biotech products.
Iterum Therapeutics announced that it held a type A meeting with the FDA over steps to resubmit the New Drug Application (NDA) for sulopenem etzadroxil/probenecid. The resubmission opens the possibility for the treatment to be approved down the line.
Applied UV announced it has acquired the patent for an ultraviolet light air purification technology originally developed for NASA. The patent was originally obtained by KES.
GeoVax Labs, a biotech company specializing in vaccines, announced it had acquired exclusive rights to Gedeptin, used to treat solid tumors.
|Applied UV Inc||AUVI||$8.96||+2.43||+37.21%||2.93M|
|GeoVax Labs Inc||GOVX||$5.14||+0.960||+22.97%||2.87M|
Commodities To Watch
Oil prices broke $80 per barrel on Tuesday, for the first time in 3 years, but have since fallen to $78. Gold strengthened.
|WTI Crude Oil||$74.73||-0.74%|
|Brent Crude Oil||$77.84||-0.65%|
|Symbol||Price||Chg. %||Market Cap.|