About: http://data.cimple.eu/news-article/b872ffbf2a010567f10fc1761ae3a6e791e6116660c06672817f4847

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About: http://data.cimple.eu/news-article/b872ffbf2a010567f10fc1761ae3a6e791e6116660c06672817f4847 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks were little changed early Thursday following upbeat US jobs data, while both Pfizer and Moderna slumped on worries about diminished profits from Covid-19 vaccines. US Labor Department said new applications for unemployment benefits fell to 498,000 last week, a new low since the pandemic began in March 2020. The figures come ahead of Friday's highly-anticipated government jobs report for April, which is expected to show blowout employment gains. About 20 minutes into trading, the Dow Jones Industrial Average was up 0.1 percent at 34,256.18. The broad-based S&P 500 dipped 0.1 percent to 4,163.75, while the tech-rich Nasdaq Composite Index dropped 0.3 percent to 13,544.67. Markets have been choppy this week as investors have weighed improving economic data against worries over rising inflation and a potential shift in Federal Reserve monetary policy sooner than expected. Pfizer fell 2.5 percent and Moderna tumbled 8.5 percent after the Biden administration backed a global waiver on patent protections for Covid-19 vaccines in an effort to get the doses out to poor countries more rapidly. The decision clouds the profit outlook for both companies after Pfizer said earlier this week it expected a "durable" revenue stream from Covid-19 vaccines and boosters. Moderna on Thursday reported first-quarter profits of $1.2 billion, compared with a $124 million loss in the year-ago period. jmb/hs
schema:headline	US stocks flat as Pfizer, Moderna shares tumble
schema:mentions	S&P 500 Index Unemployment benefits Dow Jones Industrial Average Federal Reserve Patent Inflation Pandemic Pfizer Coronavirus disease 2019 United States Department of Labor Monetary policy NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)

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