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This year. We're going Beyond.

US stock market report: Pfizer jumps on global vaccine rollout, tech stocks tumble

The Dow Jones added another 200 points to begin the week, jumping 0.7% as commodities and industrials benefitted from a pivot towards the reopening trade.

This comes after New York legislators announced the city would fully re-open from 1 July, with more than 40% of the US population having now been vaccinated.

The Nasdaq weakened by 0.5% with Amazon (NASDAQ: AMZN) and Tesla (NASDAQ: TSLA) pushing the technology index lower, down 2.3% and 3.5%, respectively.

A survey of materials prices hit the highest level since 2008 as further confirmation that inflation is already here.

Pfizer to begin exports

Shares in COVID-19 vaccine manufacturer Pfizer (NYSE: PFE) jumped 3.1% after receiving approval to begin exporting its successful vaccine.

Mexico and Canada will be the first in the world outside of the US Government to receive exports of the domestically-made shots, with the US finally coming to the party.

Estee Lauder disappoints

Cosmetics group Estee Lauder (NYSE: EL) fell 7.9% after it failed to live up to high expectations, as sales jumped just 16% in the quarter.

US stock market movers

Here’s how other popular US stocks fared overnight, with high-growth tech stocks, in particular, feeling the brunt of the volatility.

  • Gap (NYSE: GPS) up 7.2%
  • eBay (NASDAQ: EBAY) up 4.2%
  • Salesforce (NYSE: CRM) down 2.8%
  • DocuSign (NASDAQ: DOCU) down 3.5%
  • Etsy (NASDAQ: ETSY) down 4.1%
  • Okta (NASDAQ: OKTA) down 5.1%
  • Shopify (NASDAQ: SHOP) down 5.1%
  • Datadog (NASDAQ: DDOG) down 6.5%

Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is tipped to climb when the market opens on Tuesday. For all the latest, check out Rask Media’s ASX 200 morning report.

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW or entering your email below.

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Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW.

Note: the report is 100% free.

At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

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Rask Media’s Ultimate BNPL Sector Report

Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Or is BNPL a ticking time bomb? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. 

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As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

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