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Gold futures tally a fourth straight session declineExternal Link

Gold futures logged a fourth straight fall on Tuesday, marking the longest stretch of consecutive losses since the five-session decline ended on April 30, FactSet data show. The Federal Reserve will conclude its two-day meeting with a statement on monetary policy Wednesday. Monetary accommodation will be "the predominant theme for the time being, especially while Covid and its economic consequences are felt," Stephen Flood, director of bullion services at GoldCore in Dublin, told MarketWatch. "A potential vicious rise in new Covid variant U.S. cases in February/March may test the broader economy and, as such, rumoured 'taper talk' may prove premature at this stage," he said, implying potential support for gold. February gold fell $4.30, or 0.2%, to settle at $1,850.90 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 26 Jan 2021 18:49:02 GMT
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: AWS, Google service issues reported in Northeast U.S.External Link

Amazon.com Inc.’s AMZN Amazon Web Services revealed internet connectivity issues at one of it’s main data centers Tuesday, as internet issues affecting popular services such as Alphabet Inc.’s GOOGGOOGL Google products spread in the northeastern U.S. At around 11:15 a.m. Eastern, AWS, Google services, and Gmail all started seeing spikes in outage reports concentrated from Boston to Washington D.C., according to Downdetector.com. At last check, AWS’s service health dashboard showed internet connectivity issues at its Northern Virginia data center. “We are investigating connectivity issues with an internet provider, mainly affecting the East Coast of the United States, outside of the AWS Network,” AWS said. “We are investigating the issue with the external provider.” Google’s workspace status dashboard showed no reports of outages at last check. Google did not respond to request for comment, and an Amazon spokesperson pointed to its status blog.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 26 Jan 2021 17:44:00 GMT
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J&J CEO: Expect Phase 3 results for its COVID-19 vaccine candidate early next weekExternal Link

Johnson & Johnson expects to share details from the Phase 3 clinical trial for its COVID-19 vaccine candidate "early next week," according to remarks made by CEO Alex Gorsky on Tuesday during an earnings call. J&J's stock was up 3.0% in trading on Tuesday afternoon. The company's experimental COVID-19 adenovirus-based vaccine is currently being tested in late-stage clinical trials, and results are being closely watched for several reasons, including that it's a single-dose vaccine and there are ongoing supply issues for doses of the BioNTech SE /Pfizer Inc. and Moderna Inc. vaccines in the U.S. (Both of the currently authorized coronavirus vaccines in the U.S. require two doses.) "We're certainly hopeful that you're going to see a durable and a sustainable and patent response, particularly from our [adenovirus-based] vector approach," Gorsky told investors, according to a FactSet transcript of the call. J&J's stock is up 15.3% over the past 12 months, while the S&P 500 has gained 17.0%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 26 Jan 2021 17:39:05 GMT
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Virgin Galactic stock on track for record highExternal Link

Shares of Virgin Galactic Holdings Inc. are poised to hit a record closing high Tuesday, rallying more than 17% and on pace for their largest one-day percent increase in a little over a week. The stock also stretched their winning run to a sixth straight session, up 40% in the period. Virgin Galactic stock has gained 77% in the past 12 months, compared with gains around 17% for the S&P 500 index.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 26 Jan 2021 17:27:37 GMT
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Biden to reopen Obamacare marketplaces: reportExternal Link

President Joe Biden is slated to take executive actions as soon as Thursday to reopen federal marketplaces such as HealthCare.gov that sell Affordable Care Act health plans, said a Washington Post report late Monday citing unnamed sources. Signing up for coverage is usually tightly restricted outside a six-week period, the report said. Biden is also expected to lower recent barriers to joining Medicaid. His agenda for health care has long centered on building on Obamacare, meaning the Affordable Care Act that overhauled the U.S. health-care system a decade ago, when he was serving as former President Barack Obama's vice president.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Tue, 26 Jan 2021 15:38:41 GMT
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